Mettler-Toledo International (MTD) 10-Q 31 Jul 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document	6 Months Ended
	Jun. 30, 2020shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	1-13595
Entity Registrant Name	Mettler Toledo International Inc
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	13-3668641
Entity Address, Address Line One	1900 Polaris Parkway
Entity Address, City or Town	Columbus
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43240
City Area Code	614
Local Phone Number	438-4511
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	MTD
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	23,971,265
Entity Central Index Key	0001037646
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Amendment Flag	false

Interim Consolidated Statements

Interim Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenues	$ 690,673	$ 731,366	$ 1,339,835	$ 1,410,818
Gross profit	397,970	419,538	772,379	807,857
Research and development	31,193	36,582	65,580	72,635
Selling, general and administrative	190,134	205,215	388,878	409,640
Amortization	13,889	12,326	27,887	24,548
Interest expense	9,582	8,882	19,801	17,976
Restructuring Charges	860	2,891	2,765	4,414
Other charges (income), net	(2,943)	(1,574)	(6,286)	(2,248)
Earnings before taxes	155,255	155,216	273,754	280,892
Provision for taxes	28,693	28,056	49,077	41,927
Net earnings	$ 126,562	$ 127,160	$ 224,677	$ 238,965
Basic earnings per common share:
Net earnings	$ 5.29	$ 5.15	$ 9.37	$ 9.65
Weighted average number of common shares	23,940,278	24,698,032	23,984,055	24,774,262
Diluted earnings per common share:
Net earnings	$ 5.22	$ 5.06	$ 9.25	$ 9.48
Weighted average number of common and common equivalent shares	24,228,989	25,118,352	24,291,321	25,217,359
Comprehensive Income, Net of Tax (Note 9)	$ 128,658	$ 115,481	$ 202,745	$ 239,946
Product [Member]
Revenues	537,113	565,927	1,026,447	1,090,274
Cost of Goods and Services Sold	217,008	226,816	408,631	437,032
Service [Member]
Revenues	153,560	165,439	313,388	320,544
Cost of Goods and Services Sold	$ 75,695	$ 85,012	$ 158,825	$ 165,929

Interim Consolidated Balance Sh

Interim Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 127,277	$ 207,785
Trade accounts receivable, less allowances of $16,370 at September 30, 2019 and $15,469 at December 31, 2018	490,429	566,256
Inventories	299,746	274,285
Other current assets and prepaid expenses	72,356	61,321
Total current assets	989,808	1,109,647
Property, plant and equipment, net	743,393	748,657
Goodwill	537,624	535,979
Other intangible assets, net	202,131	206,242
Deferred tax assets, net	35,777	36,978
Other non-current assets	170,914	151,818
Total assets	2,679,647	2,789,321
Current liabilities:
Trade accounts payable	155,901	185,592
Accrued and other liabilities	162,355	166,118
Accrued compensation and related items	109,480	155,402
Deferred Revenue	150,742	122,489
Taxes payable	70,766	69,043
Short-term borrowings and current maturities of long-term debt	53,585	55,868
Total current liabilities	702,829	754,512
Long-term debt	1,146,590	1,235,350
Deferred tax liabilities, net	44,926	45,267
Other non-current liabilities	335,209	333,412
Total liabilities	2,229,554	2,368,541
Commitments and contingencies (Note 17)
Shareholders' equity:
Preferred stock, $0.01 par value per share; authorized 10,000,000 shares	0	0
Common stock, $0.01 par value per share; authorized 125,000,000 shares; issued 44,786,011 and 44,786,011 shares; outstanding 24,921,963 and 24,921,963 shares at September 30, 2019 and December 31, 2018, respectively	448	448
Additional paid-in capital	792,689	783,871
Treasury stock at cost (20,430,810 shares at June 30, 2019 and 19,864,048 shares at December 31, 2018)	(4,717,962)	(4,539,154)
Retained earnings	4,720,523	4,499,288
Accumulated Other Comprehensive Income (Loss), Net of Tax	(345,605)	(323,673)
Total shareholders' equity	450,093	420,780
Total liabilities and shareholders' equity	$ 2,679,647	$ 2,789,321

Balance Sheet Parentheticals (P

Balance Sheet Parentheticals (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Accounts Receivable, Allowance for Credit Loss, Current	$ 17,537	$ 17,009
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares Authorized	125,000,000	125,000,000
Common Stock, Shares, Issued	44,786,011	44,786,011
Common Stock, Shares, Outstanding	23,971,265	24,125,317
Treasury Stock, Shares	20,814,746	20,660,694

Interim Consolidated Statemen_2

Interim Consolidated Statements of Shareholders' Equity and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2018	$ 590,063	$ 448	$ 764,717	$ (3,814,604)	$ 3,941,916	$ (302,414)
Beginning balance, shares at Dec. 31, 2018		24,921,963
Stock Issued During Period, Value, Treasury Stock Reissued	(28,990)			(28,257)	(18)
Exercise of stock options and restricted stock units, shares		171,752
Treasury Stock, Value, Acquired, Cost Method	(186,250)			(186,250)
Repurchases of common stock, shares		(290,429)
Adjustment to Additional Paid in Capital, Share-Based Compensation	4,482		4,482
Net earnings	111,805				111,805
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	12,660					12,660
Ending balance at Mar. 31, 2019	561,750	$ 448	769,950	(3,972,597)	4,053,703	(289,754)
Ending balance, shares at Mar. 31, 2019		24,803,286
Beginning balance at Dec. 31, 2018	$ 590,063	$ 448	764,717	(3,814,604)	3,941,916	(302,414)
Beginning balance, shares at Dec. 31, 2018		24,921,963
Exercise of stock options and restricted stock units, shares	226,595
Treasury Stock, Value, Acquired, Cost Method	$ (372,500)
Repurchases of common stock, shares	(539,326)
Net earnings	$ 238,965
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	981
Ending balance at Jun. 30, 2019	504,086	$ 448	774,288	(4,149,540)	4,180,323	(301,433)
Ending balance, shares at Jun. 30, 2019		24,609,232
Beginning balance at Mar. 31, 2019	561,750	$ 448	769,950	(3,972,597)	4,053,703	(289,754)
Beginning balance, shares at Mar. 31, 2019		24,803,286
Stock Issued During Period, Value, Treasury Stock Reissued	(8,767)			(9,307)	(540)
Exercise of stock options and restricted stock units, shares		54,843
Treasury Stock, Value, Acquired, Cost Method	(186,250)			(186,250)
Repurchases of common stock, shares		(248,897)
Adjustment to Additional Paid in Capital, Share-Based Compensation	4,338		4,338
Net earnings	127,160				127,160
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(11,679)					(11,679)
Ending balance at Jun. 30, 2019	504,086	$ 448	774,288	(4,149,540)	4,180,323	(301,433)
Ending balance, shares at Jun. 30, 2019		24,609,232
Beginning balance at Dec. 31, 2019	$ 420,780	$ 448	783,871	(4,539,154)	4,499,288	(323,673)
Beginning balance, shares at Dec. 31, 2019	24,125,317	24,125,317
Stock Issued During Period, Value, Treasury Stock Reissued	$ (7,135)			(9,355)	(2,220)
Exercise of stock options and restricted stock units, shares		50,372
Treasury Stock, Value, Acquired, Cost Method	(200,000)			(200,000)
Repurchases of common stock, shares		(268,161)
Adjustment to Additional Paid in Capital, Share-Based Compensation	4,395		4,395
Net earnings	98,115				98,115
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(24,028)					(24,028)
Ending balance at Mar. 31, 2020	306,397	$ 448	788,266	(4,729,799)	4,595,183	(347,701)
Ending balance, shares at Mar. 31, 2020		23,907,528
Beginning balance at Dec. 31, 2019	$ 420,780	$ 448	783,871	(4,539,154)	4,499,288	(323,673)
Beginning balance, shares at Dec. 31, 2019	24,125,317	24,125,317
Exercise of stock options and restricted stock units, shares	114,109
Treasury Stock, Value, Acquired, Cost Method	$ (200,000)
Repurchases of common stock, shares	(268,161)
Net earnings	$ 224,677
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(21,932)
Ending balance at Jun. 30, 2020	$ 450,093	$ 448	792,689	(4,717,962)	4,720,523	(345,605)
Ending balance, shares at Jun. 30, 2020	23,971,265	23,971,265
Beginning balance at Mar. 31, 2020	$ 306,397	$ 448	788,266	(4,729,799)	4,595,183	(347,701)
Beginning balance, shares at Mar. 31, 2020		23,907,528
Stock Issued During Period, Value, Treasury Stock Reissued	(10,615)			(11,837)	(1,222)
Exercise of stock options and restricted stock units, shares		63,737
Adjustment to Additional Paid in Capital, Share-Based Compensation	4,423		4,423
Net earnings	126,562				126,562
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	2,096					2,096
Ending balance at Jun. 30, 2020	$ 450,093	$ 448	$ 792,689	$ (4,717,962)	$ 4,720,523	$ (345,605)
Ending balance, shares at Jun. 30, 2020	23,971,265	23,971,265

Interim Consolidated Statemen_3

Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net earnings	$ 224,677	$ 238,965
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation	20,327	19,390
Amortization	27,887	24,548
Deferred tax benefit	(4,570)	(14,881)
Share-based compensation	8,818	8,820
Increase (decrease) in cash resulting from changes in:
Trade accounts receivable, net	71,081	36,674
Inventories	(26,081)	(16,848)
Other current assets	(10,050)	(9,748)
Trade accounts payable	(28,136)	(36,216)
Taxes payable	762	(487)
Increase (Decrease) in Other Operating Assets and Liabilities, Net	(35,963)	(24,352)
Net cash provided by operating activities	248,752	225,865
Cash flows from investing activities:
Proceeds from sale of property, plant and equipment	2,025	1,216
Purchase of property, plant and equipment	(37,089)	(44,699)
Acquisitions	(6,242)	(504)
Payments for (Proceeds from) Derivative Instrument, Investing Activities	(9,281)	(1,226)
Net cash used in investing activities	(50,587)	(45,213)
Cash flows from financing activities:
Proceeds from borrowings	1,076,098	638,830
Repayments of borrowings	(1,168,125)	(532,729)
Proceeds from stock option exercises	17,750	37,757
Repurchases of common stock	(200,000)	(372,500)
Payment for Contingent Consideration Liability, Financing Activities	0	(10,000)
Proceeds from (Payments for) Other Financing Activities	(800)	1,753
Net cash used in financing activities	(275,077)	(236,889)
Effect of exchange rate changes on cash and cash equivalents	(3,596)	2,566
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(80,508)	(53,671)
Cash and cash equivalents:
Beginning of period	207,785	$ 178,110
End of period	$ 127,277

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION Mettler-Toledo International Inc. ("Mettler-Toledo" or the "Company") is a leading global supplier of precision instruments and services. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications. The Company also manufactures several related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development. In addition, the Company manufactures metal detection and other end-of-line inspection systems used in production and packaging and provides solutions for use in certain process analytics applications. The Company's primary manufacturing facilities are located in China, Germany, Switzerland, the United Kingdom and the United States. The Company's principal executive offices are located in Columbus, Ohio and Greifensee, Switzerland. The accompanying interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include all entities in which the Company has control, which are its wholly-owned subsidiaries. The interim consolidated financial statements have been prepared without audit, pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. The interim consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 . The accompanying interim consolidated financial statements reflect all adjustments which, in the opinion of management, are necessary for a fair statement of the results of the interim periods presented. Operating results for the three and six months ended June 30, 2020 are not necessarily indicative of the results to be expected for the full year ending December 31, 2020 . The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, as well as disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results may differ from those estimates due to the uncertainty around the magnitude and duration of the COVID-19 pandemic, as well as other factors. A discussion of the Company’s critical accounting policies is included in Management’s Discussion and Analysis of Financial Condition and Results of Operations and the Notes to the Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 . All intercompany transactions and balances have been eliminated.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Trade Accounts Receivable Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for expected credit losses represents the Company’s best estimate based on historical information, current information, and reasonable and supportable forecasts of future events and circumstances. Inventories Inventories are valued at the lower of cost or net realizable value. Cost, which includes direct materials, labor and overhead, is generally determined using the first in, first out (FIFO) method. The estimated net realizable value is based on assumptions for future demand and related pricing. Adjustments to the cost basis of the Company’s inventory are made for excess and obsolete items based on usage, orders and technological obsolescence. If actual market conditions are less favorable than those projected by management, reductions in the value of inventory may be required. Inventories consisted of the following: June 30, December 31, Raw materials and parts $ 143,603 $ 129,294 Work-in-progress 49,867 43,202 Finished goods 106,276 101,789 $ 299,746 $ 274,285 Goodwill and Other Intangible Assets Goodwill, representing the excess of purchase price over the net asset value of companies acquired, and indefinite-lived intangible assets are not amortized, but are reviewed for impairment annually in the fourth quarter, or more frequently if events or changes in circumstances indicate that an asset might be impaired. The annual evaluation for goodwill and indefinite-lived intangible assets are generally based on an assessment of qualitative and quantitative factors to determine whether it is more likely than not that the fair value of the asset is less than its carrying amount. Other intangible assets include indefinite-lived assets and assets subject to amortization. Where applicable, amortization is charged on a straight-line basis over the expected period of benefit. The straight-line method of amortization reflects an appropriate allocation of the cost of the intangible assets to earnings in proportion to the amount of economic benefits obtained by the Company in each reporting period. The Company assesses the initial acquisition of intangible assets in accordance with the provisions of ASC 805 "Business Combinations" and the continued accounting for previously recognized intangible assets and goodwill in accordance with the provisions of ASC 350 "Intangible - Goodwill and Other" and ASC 360 "Property, Plant and Equipment". Other intangible assets consisted of the following: June 30, 2020 December 31, 2019 Gross Amount Accumulated Amortization Intangibles, Net Gross Amount Accumulated Amortization Intangibles, Net Customer relationships $ 200,104 $ (63,108 ) $ 136,996 $ 197,764 $ (58,851 ) $ 138,913 Proven technology and patents 75,857 (48,797 ) 27,060 75,170 (46,532 ) 28,638 Tradenames (finite life) 4,556 (3,149 ) 1,407 4,594 (3,124 ) 1,470 Tradenames (indefinite life) 35,474 — 35,474 35,474 — 35,474 Other 5,705 (4,511 ) 1,194 5,462 (3,715 ) 1,747 $ 321,696 $ (119,565 ) $ 202,131 $ 318,464 $ (112,222 ) $ 206,242 The Company recognized amortization expense associated with the above intangible assets of $3.9 million and $3.7 million for the three months ended June 30, 2020 and 2019 , respectively and $7.9 million and $7.4 million for the six months ended June 30, 2020 and 2019 , respectively. The annual aggregate amortization expense based on the current balance of other intangible assets is estimated at $15.8 million for 2020 , $14.6 million for 2021 , $13.2 million for 2022 , $13.9 million for 2023 , $12.7 million for 2024 and $11.6 million for 2025 . Purchased intangible amortization was $3.7 million , $2.8 million after tax, and $3.5 million , $2.6 million after tax, for the three months ended June 30, 2020 and 2019 , respectively and $7.5 million , $5.6 million after tax, and $6.9 million , $5.2 million after tax, for the six months ended June 30, 2020 and 2019 , respectively. In addition to the above amortization, the Company recorded amortization expense associated with capitalized software of $9.9 million and $8.5 million for the three months ended June 30, 2020 and 2019 , respectively and $19.9 million and $17.0 million for the six months ended June 30, 2020 and 2019 , respectively. Revenue Recognition Product revenue is recognized from contracts with customers when a customer has obtained control of a product. The Company considers control to have transferred based upon shipping terms. To the extent the Company’s arrangements have a separate performance obligation, revenue related to any post-shipment performance obligation is deferred until completed. Shipping and handling costs charged to customers are included in total net sales and the associated expense is a component of cost of sales. Certain products are also sold through indirect distribution channels whereby the distributor assumes any further obligations to the end customer. Revenue is recognized on these distributor arrangements upon transfer of control to the distributor. Contracts do not contain variable pricing arrangements that are retrospective, except for rebate programs. Rebates are estimated based on expected sales volumes and offset against revenue at the time such revenue is recognized. The Company generally maintains the right to accept or reject a product return in its terms and conditions and also maintains appropriate accruals for outstanding credits. The related provisions for estimated returns and rebates are immaterial to the consolidated financial statements. Certain of the Company’s product arrangements include separate performance obligations, primarily related to installation. Such performance obligations are accounted for separately when the deliverables have stand-alone value and the satisfaction of the undelivered performance obligations is probable and within the Company's control. The allocation of revenue between the performance obligations is based on the observable stand-alone selling prices at the time of the sale in accordance with a number of factors including service technician billing rates, time to install, and geographic location. Software is generally not considered a distinct performance obligation with the exception of a few small software applications. The Company generally does not sell software products without the related hardware instrument as the software is embedded in the product. The Company’s products typically require no significant production, modification, or customization of the hardware or software that is essential to the functionality of the products. Service revenue not under contract is recognized upon the completion of the service performed. Revenue from spare parts sold on a stand-alone basis is recognized when control is transferred to the customer, which is generally at the time of shipment or delivery. Revenue from service contracts is recognized ratably over the contract period using a time-based method. These contracts represent an obligation to perform repair and other services including regulatory compliance qualification, calibration, certification, and preventative maintenance on a customer’s pre-defined equipment over the contract period. Leases The Company considers an arrangement a lease if the arrangement transfers the right to control the use of an identified asset in exchange for consideration. The Company has operating leases, but does not have financing leases. Operating lease right-of-use assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make payments arising from the lease agreement. These assets and liabilities are recognized at the commencement of the lease based upon the present value of the lease payments over the lease term. Lease payments include both lease and non-lease components for items or activities that transfer a good and service. Vehicle lease and non-lease components are separately accounted for based on standalone value. Real estate lease and non-lease components are accounted for as a single component. Operating lease right-of-use assets include initial direct costs, advanced lease payments and lease incentives. The lease term reflects the noncancellable period of the lease together with periods covered by an option to extend or terminate the lease when management is reasonably certain that it will exercise such option. The Company generally uses its incremental borrowing rate at the lease commencement date in determining the present value of lease payments as the information necessary to determine the rate implicit in the lease is not readily available. The incremental borrowing rate reflects similar terms by geographic location to the underlying leases. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Lease expense for operating leases is recognized on a straight-line basis over the lease term. Variable lease payments consist of non-lease services related to the lease. Variable lease payments are excluded from the right-of-use asset and lease liabilities and are expensed as incurred. Short-term leases are less than one year without purchase or renewal options that are reasonably certain to be exercised and are recognized on a straight-line basis over the lease term. The right-of-use asset is tested for impairment in accordance with ASC 360. Warranty The Company generally offers one -year warranties on most of its products. Product warranties are recorded at the time revenue is recognized. While the Company engages in extensive product quality programs and processes, its warranty obligations are affected by product failure rates, material usage and service costs incurred in correcting a product failure. Employee Termination Benefits In situations where contractual termination benefits exist, the Company records accruals for employee termination benefits when it is probable that a liability has been incurred and the amount of the liability is reasonably estimable. All other employee termination arrangements are recognized and measured at their fair value at the communication date unless the employee is required to render additional service beyond the legal notification period, in which case the liability is recognized ratably over the future service period. Share-Based Compensation The Company recognizes share-based compensation expense within selling, general and administrative in the consolidated statements of operations and other comprehensive income with a corresponding offset to additional paid-in capital in the consolidated balance sheet. The Company recorded $4.4 million and $8.8 million of share-based compensation expense for the three and six months ended June 30, 2020 , respectively, compared to $4.3 million and $8.8 million for the corresponding periods in 2019 . Research and Development Research and development costs primarily consist of salaries, consulting and other costs. The Company expenses these costs as incurred. Business Combinations and Asset Acquisitions The Company accounts for business acquisitions under the accounting standards for business combinations. The results of each acquisition are included in the Company's consolidated results as of the acquisition date. The purchase price of an acquisition is allocated to tangible and intangible assets and assumed liabilities based on their estimated fair values and any consideration in excess of the net assets acquired is recognized as goodwill. Acquisition transaction costs are expensed when incurred. In circumstances where an acquisition involves a contingent consideration arrangement, the Company recognizes a liability equal to the fair value of the expected contingent payments as of the acquisition date. Subsequent changes in the fair value of the contingent consideration are recorded to other charges (income), net. Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13: Financial Instruments - Credit Losses. The ASU requires the allowance for doubtful accounts to be estimated based on an incurred loss model, which considers historical and forecasted conditions. The guidance became effective for the Company January 1, 2020 on a prospective basis and did not have an impact on the consolidated financial statements. In August 2018, the FASB issued ASU 2018-14: Compensation - Retirement Benefit which amends the current disclosure requirements for defined benefit pension plans and other post-retirement plans. The change in the disclosures will be applied retrospectively and becomes effective December 15, 2020 with early adoption permitted. The Company is currently evaluating the impact of this guidance on the benefit plan disclosures. In August 2018, the FASB issued ASU 2018-15: Internal-Use Software which clarifies the accounting for implementation costs associated with cloud-computing internal-use software arrangements. The implementation costs should be capitalized and expensed over the service term, including options to extend, and recognized in selling, general, and administrative in the statement of operations. The guidance became effective January 1, 2020 and is applied on a prospective basis. The adoption of this guidance did not have a material impact on the consolidated financial statements. In December 2019, the FASB issued ASU 2019-12: Income Taxes which removes certain exceptions to the general principles of ASC 740 related to intraperiod tax allocation exceptions, deferred tax liabilities related to outside basis differences, and year-to-date losses in interim periods. In addition, the ASU amends the interim guidance to clarify that all tax effects, both deferred and current, related to enactments of tax laws or rate changes should be accounted for in the interim period that includes the enactment date. The change is applied prospectively and becomes effective December 15, 2020 with early adoption permitted. The Company is currently evaluating the impact of this guidance on the consolidated financial statements. In March 2020, the FASB issued ASU 2020-04: Reference Rate Reform which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by discontinuance of LIBOR or another referenced rate. The guidance may be applied to any applicable contract entered into before December 31, 2022. The Company is currently evaluating the impact of this guidance on the consolidated financial statements.

Revenue from Contracts with Cus

Revenue from Contracts with Customers (Notes)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue from Contract with Customer [Text Block]	REVENUE The Company disaggregates revenue from contracts with customers by product, service, timing of revenue recognition and geography. A summary of revenue by the Company’s reportable segments for the three and six months ended June 30, 2020 and 2019 follows: For the three months ended June 30, 2020 U.S. Operations Swiss Operations Western European Operations Chinese Operations Other Operations Total Product Revenue $ 188,363 $ 22,012 $ 104,458 $ 128,151 $ 94,129 $ 537,113 Service Revenue: Point in time 46,342 4,726 27,945 9,784 23,490 112,287 Over time 14,635 2,210 16,648 2,972 4,808 41,273 Total $ 249,340 $ 28,948 $ 149,051 $ 140,907 $ 122,427 $ 690,673 For the three months ended June 30, 2019 U.S. Operations Swiss Operations Western European Operations Chinese Operations Other Operations Total Product Revenue $ 202,608 $ 24,362 $ 115,195 $ 124,042 $ 99,720 $ 565,927 Service Revenue: Point in time 53,054 5,035 32,553 9,548 27,800 127,990 Over time 12,227 1,961 15,933 2,869 4,459 37,449 Total $ 267,889 $ 31,358 $ 163,681 $ 136,459 $ 131,979 $ 731,366 For the six months ended June 30, 2020 U.S. Operations Swiss Operations Western European Operations Chinese Operations Other Operations Total Product Revenue $ 365,799 $ 46,288 $ 210,335 $ 218,472 $ 185,553 $ 1,026,447 Service Revenue: Point in time 96,577 10,282 59,336 16,890 49,166 232,251 Over time 28,374 4,274 32,705 6,144 9,640 81,137 Total $ 490,750 $ 60,844 $ 302,376 $ 241,506 $ 244,359 $ 1,339,835 For the six months ended June 30, 2019 U.S. Operations Swiss Operations Western European Operations Chinese Operations Other Operations Total Product Revenue $ 376,864 $ 51,027 $ 231,751 $ 235,457 $ 195,175 $ 1,090,274 Service Revenue: Point in time 102,707 9,985 65,328 17,252 52,660 247,932 Over time 22,969 3,923 32,508 5,472 7,740 72,612 Total $ 502,540 $ 64,935 $ 329,587 $ 258,181 $ 255,575 $ 1,410,818 A summary of revenue by major geographic destination for the three and six months ended June 30 follows: Three Months Ended Six Months Ended 2020 2019 2020 2019 Americas $ 270,291 $ 292,345 $ 535,124 $ 550,978 Europe 194,165 207,309 388,992 416,864 Asia / Rest of World 226,217 231,712 415,719 442,976 Total $ 690,673 $ 731,366 $ 1,339,835 $ 1,410,818 The Company's global revenue mix by product category is comprised of laboratory ( 54% of sales), industrial ( 40% of sales) and retail ( 6% of sales). The Company's product revenue by reportable segment is proportionately similar to the Company's global mix except the Company's Swiss Operations is largely comprised of laboratory products while the Company's Chinese Operations has a slightly higher percentage of industrial products. A summary of the Company’s revenue by product category for the three and six months ended June 30 is as follows: Three Months Ended Six Months Ended 2020 2019 2020 2019 Laboratory $ 359,471 $ 379,659 $ 716,562 $ 739,392 Industrial 288,824 303,059 541,179 574,379 Retail 42,378 48,648 82,094 97,047 Total $ 690,673 $ 731,366 $ 1,339,835 $ 1,410,818 The payment terms in the Company’s contracts with customers do not exceed one year and therefore contracts do not contain a significant financing component. In most cases, after appropriate credit evaluations, payments are due in arrears and are recognized as receivables. Unbilled revenue is recorded when performance obligations have been satisfied, but not yet billed to the customer. Unbilled revenue as of June 30, 2020 and December 31, 2019 was $24.8 million and $17.4 million respectively, and is included within accounts receivable. Deferred revenue and customer prepayments are recorded when cash payments are received or due in advance of the performance obligation being satisfied. Deferred revenue primarily includes prepaid service contracts, as well as deferred installation. Changes in the components of deferred revenue and customer prepayments during the six month periods ending June 30, 2020 and 2019: 2020 2019 Beginning balances as of January 1 $ 122,489 $ 105,381 Customer pre-payments/deferred revenue 278,015 306,667 Revenue recognized (251,462 ) (283,508 ) Foreign currency translation 1,700 164 Ending balance as of June 30 $ 150,742 $ 128,704 The Company generally expenses sales commissions when incurred because the amortization period is one year or less. These costs are recorded within selling, general, and administrative expenses. The Company has not disclosed the value of unsatisfied performance obligations other than customer prepayments and deferred revenue above as most contracts have an expected length of one year or less and amounts greater than one year are immaterial.

Financial Instruments (Notes)

Financial Instruments (Notes)	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	FINANCIAL INSTRUMENTS The Company has limited involvement with derivative financial instruments and does not use them for trading purposes. The Company enters into certain interest rate swap agreements in order to manage its exposure to changes in interest rates. The amount of the Company's fixed obligation interest payments may change based upon the expiration dates of its interest rate swap agreements and the level and composition of its debt. The Company also enters into certain foreign currency forward contracts to limit the Company's exposure to currency fluctuations on the respective hedged items. For additional disclosures on derivative instruments regarding balance sheet location, fair value, and the amounts reclassified into other comprehensive income and the effective portion of the cash flow hedges, also see Note 5 and Note 9 to the interim consolidated financial statements. As also mentioned in Note 7, the Company has designated its euro-denominated debt as a hedge of a portion of its net investment in euro-denominated foreign subsidiary. Cash Flow Hedges In June 2019, the Company entered into a cross currency swap arrangement designated as a cash flow hedge. The agreement converts $50 million of borrowings under the Company's credit facility into synthetic Swiss franc debt, which allows the Company to effectively change the floating rate LIBOR-based interest payments, excluding the credit spread to a fixed Swiss franc income of 0.82% . The swap matures in June 2023. In June 2019, the Company entered into a cross currency swap arrangement designated as a cash flow hedge. The agreement converts $50 million of borrowings under the Company's credit facility into synthetic Swiss franc debt, which allows the Company to effectively change the floating rate LIBOR-based interest payments, excluding the credit spread to a fixed Swiss franc income of 0.95% . The swap matures in June 2021. In February 2019, the Company entered into a cross currency swap arrangement designated as a cash flow hedge. The agreement converts $50 million of borrowings under the Company's credit facility into synthetic Swiss franc debt, which allows the Company to effectively change the floating rate LIBOR-based interest payments, excluding the credit spread to a fixed Swiss franc income of 0.78% . The swap matures in June 2021. In 2015, the Company entered into an interest rate swap agreement designated as a cash flow hedge. The agreement has the effect of changing the floating rate LIBOR-based interest payments associated with $100 million of borrowings under the Company's credit agreement to a fixed obligation of 2.25% beginning in February 2017 and matures in February 2022. In 2013, the Company entered into an interest rate swap agreement designated as a cash flow hedge. The agreement has the effect of changing the floating rate LIBOR-based interest payments associated with $50 million of borrowings under the Company’s credit facility to a fixed obligation of 2.52% beginning in October 2015 and matures in October 2020. The Company's cash flow hedges are recorded gross at fair value in the consolidated balance sheet at June 30, 2020 and December 31, 2019 , respectively. A derivative loss of $0.5 million based upon interest rates and foreign currency rates at June 30, 2020 , is expected to be reclassified from other comprehensive income (loss) to earnings in the next twelve months. The cash flow hedges remain effective as of June 30, 2020. Other Derivatives The Company enters into foreign currency forward contracts in order to economically hedge short-term trade and non-trade intercompany balances largely denominated in Swiss franc, other major European currencies, and the Chinese Renminbi with its foreign businesses. In accordance with U.S. GAAP, these contracts are considered “derivatives not designated as hedging instruments.” Gains or losses on these instruments are reported in current earnings. The foreign currency forward contracts are recorded at fair value in the consolidated balance sheet at June 30, 2020 and December 31, 2019 , respectively, and disclosed in Note 5. The Company recognized in other charges (income) related to these instruments, a net gain of $0.3 million and a net loss of $9.2 million during the three months ended June 30, 2020 and 2019 , respectively, and a net loss of $7.0 million and $4.5 million during the six months ended June 30, 2020 and 2019 , respectively. The gains and losses are primarily offset by the underlying transaction gains and losses on the related intercompany balances. At June 30, 2020 and December 31, 2019 , these contracts had a notional value of $478.2 million and $494.6 million

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS At June 30, 2020 and December 31, 2019 , the Company had derivative assets totaling $1.4 million and $1.6 million respectively, and derivative liabilities totaling $14.8 million and $9.0 million , respectively. The Company has limited involvement with derivative financial instruments and therefore does not need to present all the required disclosures in tabular format. The fair values of the interest rate swap agreements, the cross-currency swap agreements and foreign currency forward contracts that economically hedge short-term intercompany balances are estimated based upon inputs from current valuation information obtained from dealer quotes and priced with observable market assumptions and appropriate valuation adjustments for credit risk. The Company has evaluated the valuation methodologies used to develop the fair values by dealers in order to determine whether such valuations are representative of an exit price in the Company’s principal market. In addition, the Company uses an internally developed model to perform testing on the valuations received from brokers. The Company has also considered both its own credit risk and counterparty credit risk in determining fair value and determined these adjustments were insignificant at June 30, 2020 and December 31, 2019 . Under U.S. GAAP, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A fair value measurement consists of observable and unobservable inputs that reflect the assumptions that a market participant would use in pricing an asset or liability. A fair value hierarchy has been established that categorizes these inputs into three levels: Level 1: Quoted prices in active markets for identical assets and liabilities Level 2: Observable inputs other than quoted prices in active markets for identical assets and liabilities Level 3: Unobservable inputs The following table presents the Company's assets and liabilities, which are all categorized as Level 2, that are measured at fair value on a recurring basis. June 30, 2020 December 31, 2019 Balance Sheet Classification Foreign currency forward contracts not designated as hedging instruments $ 1,426 $ 1,568 Other current assets and prepaid expenses Total derivative assets $ 1,426 $ 1,568 Foreign currency forward contracts not designated as hedging instruments $ 2,701 $ 2,392 Accrued and other liabilities Cash Flow Hedges: Interest rate swap agreements 398 371 Accrued and other liabilities Cross currency swap agreement 5,606 — Accrued and other liabilities Interest rate swap agreements 3,580 1,548 Other non-current liabilities Cross currency swap agreement 2,519 4,706 Other non-current liabilities Total derivative liabilities $ 14,804 $ 9,017 The Company had $14.8 million and $8.2 million of cash equivalents at June 30, 2020 and December 31, 2019 , respectively, the fair value of which is determined using Level 2 inputs, through quoted and corroborated prices in active markets. The fair value of cash equivalents approximates cost. The fair value of the Company's debt exceeds the carrying value by approximately $35.6 million as of June 30, 2020 . The fair value of the Company's fixed interest rate debt was estimated using Level 2 inputs, primarily discounted cash flow models, based on estimated current rates offered for similar debt under current market conditions for the Company.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company's reported tax rate was 18.5% and 18.1% during the three months ended June 30, 2020 and 2019, respectively and 17.9% and 14.9% during the six months ended June 30, 2020 and 2019, respectively. The provision for taxes is based upon using the Company's projected annual effective tax rate of 20.5% and 20.0% before non-recurring discrete tax items during 2020 and 2019, respectively. The difference between the Company's projected annual effective tax rate and the reported tax rate is primarily related to the timing of excess tax benefits associated with stock option exercises.

Debt

Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
DEBT	DEBT Debt consisted of the following at June 30, 2020 : June 30, 2020 U.S. Dollar Other Principal Trading Currencies Total 3.67% $50 million ten-year Senior Notes due December 17, 2022 $ 50,000 $ — $ 50,000 4.10% $50 million ten-year Senior Notes due September 19, 2023 50,000 — 50,000 3.84% $125 million ten-year Senior Notes due September 19, 2024 125,000 — 125,000 4.24% $125 million ten-year Senior Notes due June 25, 2025 125,000 — 125,000 3.91% $75 million ten-year Senior Notes due June 25, 2029 75,000 — 75,000 3.19% $50 million fifteen-year Senior Notes due January 24, 2035 50,000 — 50,000 1.47% Euro 125 million fifteen-year Senior Notes due June 17, 2030 — 140,245 140,245 1.30% Euro 135 million fifteen-year Senior Notes due November 6, 2034 — 151,464 151,464 Debt issuance costs, net (1,051 ) (1,105 ) (2,156 ) Total Senior Notes 473,949 290,604 764,553 $1.1 billion Credit Agreement, interest at LIBOR plus 97.5 basis points 299,997 81,080 381,077 Other local arrangements 2,723 51,822 54,545 Total debt 776,669 423,506 1,200,175 Less: current portion (1,763 ) (51,822 ) (53,585 ) Total long-term debt $ 774,906 $ 371,684 $ 1,146,590 As of June 30, 2020 , the Company had $712.1 million of additional borrowings available under its Credit Agreement, and the Company maintained $127.3 million of cash and cash equivalents. On January 24, 2020, the Company issued $50 million fifteen-year Senior notes with a fixed interest rate of 3.19%, which will mature January 24, 2035. The terms of the Senior Notes are consistent with the previously issued Senior Notes as described in the Company's Annual Report on Form 10-K for the year ended December 31, 2019. The Company used the proceeds from the sale of the notes to refinance existing indebtedness and for other general corporate purposes. The Company was in compliance with its debt covenants at June 30, 2020. The Company has designated the EUR 125 million 1.47% Senior Notes and the EUR 135 million 1.30% Senior Notes as a hedge of a portion of its net investment in euro-denominated foreign subsidiaries to reduce foreign currency risk associated with the net investment. Changes in the carrying value of this debt resulting from fluctuations in the euro to U.S. dollar exchange rate are recorded as foreign currency translation adjustments within other comprehensive income (loss). The Company recorded in other comprehensive income (loss) related to this net investment hedge an unrealized loss of $2.1 million and $1.3 million for the three months ended June 30, 2020 and 2019, respectively, and an unrealized loss of $0.1 million and an unrealized gain $1.0 million for the six month periods ended June 30, 2020 and 2019, respectively. The Company has a loss of $1.6 million recorded in accumulated other comprehensive income (loss) as of June 30, 2020. Other Local Arrangements In April 2018, two of the Company's non-U.S. pension plans issued loans totaling $39.6 million (Swiss franc 38 million ) to a wholly owned subsidiary of the Company. The loans have the same terms and conditions, which include an interest rate of Swiss franc LIBOR plus 87.5

Share Repurchase Program and Tr

Share Repurchase Program and Treasury Stock	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
SHARE REPURCHASE PROGRAM AND TREASURY STOCK	SHARE REPURCHASE PROGRAM AND TREASURY STOCK In November 2018, the Company's Board of Directors authorized an additional $2 billion to the share repurchase program, which has $1.1 billion of remaining availability as of June 30, 2020. The share repurchases are expected to be funded from cash generated from operating activities, borrowings, and cash balances. Repurchases will be made through open market transactions, and the amount and timing of purchases will depend on business and market conditions, the stock price, trading restrictions, the level of acquisition activity and other factors. The Company did not repurchase any shares in the three month period ended June 30, 2020 and has purchased 28.9 million shares since the inception of the program in 2004 through June 30, 2020 . During the six months ended June 30, 2020 and 2019 , the Company spent $200 million and $372.5 million on the repurchase of 268,161 shares and 539,326 shares at an average price per share of $745.80 and $690.66 , respectively. The Company also reissued 114,109 shares and 226,595 shares held in treasury upon the exercise of stock options and vesting of restricted stock units during the six months ended June 30, 2020 and 2019 , respectively.

Other Comprehensive Income (Not

Other Comprehensive Income (Notes)	6 Months Ended
	Jun. 30, 2020
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Comprehensive Income (Loss) Note [Text Block]	ACCUMULATED OTHER COMPREHENSIVE INCOME Comprehensive income (loss), net of tax consisted of the following as of June 30 : Three Months Ended Six Months Ended 2020 2019 2020 2019 Net earnings $ 126,562 $ 127,160 $ 224,677 $ 238,965 Other comprehensive income (loss), net of tax 2,096 (11,679 ) (21,932 ) 981 Comprehensive income, net of tax $ 128,658 $ 115,481 $ 202,745 $ 239,946 The following table presents changes in accumulated other comprehensive income by component for the six months ended June 30, 2020 and 2019 : Currency Translation Adjustment, Net of Tax Net Unrealized Gain (Loss) on Cash Flow Hedging Arrangements, Net of Tax Pension and Post-Retirement Benefit Related Items, Net of Tax Total Balance at December 31, 2019 $ (61,015 ) $ (1,222 ) $ (261,436 ) $ (323,673 ) Other comprehensive income (loss), net of tax: Unrealized gains (losses) cash flow hedging arrangements — (3,951 ) — (3,951 ) Foreign currency translation adjustment (21,326 ) — (5,949 ) (27,275 ) Amounts recognized from accumulated other comprehensive income (loss), net of tax — 2,195 7,099 9,294 Net change in other comprehensive income (loss), net of tax (21,326 ) (1,756 ) 1,150 (21,932 ) Balance at June 30, 2020 $ (82,341 ) $ (2,978 ) $ (260,286 ) $ (345,605 ) Currency Translation Adjustment, Net of Tax Net Unrealized Gain (Loss) on Cash Flow Hedging Arrangements, Net of Tax Pension and Post-Retirement Benefit Related Items, Net of Tax Total Balance at December 31, 2018 $ (63,913 ) $ 702 $ (239,203 ) $ (302,414 ) Other comprehensive income (loss), net of tax: Unrealized gains (losses) cash flow hedging arrangements — (2,957 ) — (2,957 ) Foreign currency translation adjustment (685 ) — (1,114 ) (1,799 ) Amounts recognized from accumulated other comprehensive income (loss), net of tax — (268 ) 6,005 5,737 Net change in other comprehensive income (loss), net of tax (685 ) (3,225 ) 4,891 981 Balance at June 30, 2019 $ (64,598 ) $ (2,523 ) $ (234,312 ) $ (301,433 ) The following table presents amounts recognized from accumulated other comprehensive income (loss) for the three and six month periods ended June 30 : Three Months Ended June 30, 2020 2019 Location of Amounts Recognized in Earnings Effective portion of (gains) / losses on cash flow hedging arrangements: Interest rate swap agreements $ 692 $ (50 ) Interest expense Cross currency swap agreement 34 1,455 (a) Total before taxes 726 1,405 Provision for taxes 179 100 Provision for taxes Total, net of taxes $ 547 $ 1,305 Recognition of defined benefit pension and post-retirement items: Recognition of actuarial losses and prior service cost, before taxes $ 4,596 $ 3,860 (b) Provision for taxes 1,000 869 Provision for taxes Total, net of taxes $ 3,596 $ 2,991 (a) The cross currency swap reflects an unrealized loss of $0.6 million recorded in other charges (income) that was offset by the underlying unrealized gain on the hedged debt. The cross currency swap also reflects a realized gain of $0.5 million recorded in interest expense. (b) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and post-retirement cost. See Note 11 for additional details for the three months ended June 30, 2020 and 2019 . Six Months Ended June 30, 2020 2019 Location of Amounts Recognized in Earnings Effective portion of (gains) / losses on cash flow hedging arrangements: Interest rate swap agreements $ 940 $ (113 ) Interest expense Cross currency swap agreement 1,620 (199 ) (a) Total before taxes 2,560 (312 ) Provision for taxes 365 (44 ) Provision for taxes Total, net of taxes $ 2,195 $ (268 ) Recognition of defined benefit pension and post-retirement items: Recognition of actuarial losses and prior service cost, before taxes $ 9,089 $ 7,749 (b) Provision for taxes 1,990 1,744 Provision for taxes Total, net of taxes $ 7,099 $ 6,005 (a) The cross currency swap reflects an unrealized loss of $3.1 million recorded in other charges (income) that was offset by the underlying unrealized loss on the hedged debt. The cross currency swap also reflects a realized gain of $1.5 million recorded in interest expense. (b) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension and post-retirement cost. See Note 11 for additional details for the six months ended June 30, 2020 and 2019 .

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE In accordance with the treasury stock method, the Company has included the following common equivalent shares in the calculation of diluted weighted average number of common shares outstanding for the three and six months ended June 30, relating to outstanding stock options and restricted stock units: 2020 2019 Three months ended 288,711 420,320 Six months ended 307,265 443,097 Outstanding options and restricted stock units to purchase or receive 88,032 and 64,269 shares of common stock for the three month period ended June 30, 2020 and 2019, respectively, have been excluded from the calculation of diluted weighted average number of common and common equivalent shares as such options and restricted stock units would be anti-dilutive. Options and restricted stock units to purchase or receive 88,261 and 75,026 for the six month period ended June 30, 2020 and 2019

Net Periodic Benefit Cost

Net Periodic Benefit Cost	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
NET PERIODIC BENEFIT COST	NET PERIODIC BENEFIT COST Net periodic pension cost for the Company’s defined benefit pension plans and U.S. post-retirement medical plan includes the following components for the three months ended June 30 : U.S. Pension Benefits Non-U.S. Pension Benefits Other U.S. Post-retirement Benefits Total 2020 2019 2020 2019 2020 2019 2020 2019 Service cost, net $ 326 $ 266 $ 4,528 $ 3,799 $ — $ — 4,854 4,065 Interest cost on projected benefit obligations 889 1,146 1,097 2,520 7 16 1,993 3,682 Expected return on plan assets (1,524 ) (1,472 ) (8,017 ) (7,218 ) — — (9,541 ) (8,690 ) Recognition of prior service cost — — (1,735 ) (1,637 ) (19 ) — (1,754 ) (1,637 ) Recognition of actuarial losses/(gains) 645 593 5,712 5,062 (7 ) (173 ) 6,350 5,482 Net periodic pension cost/(credit) $ 336 $ 533 $ 1,585 $ 2,526 $ (19 ) $ (157 ) $ 1,902 $ 2,902 Net periodic pension cost for the Company’s defined benefit pension plans and U.S. post-retirement medical plan includes the following components for the six months ended June 30 : U.S. Pension Benefits Non-U.S. Pension Benefits Other U.S. Post-retirement Benefits Total 2020 2019 2020 2019 2020 2019 2020 2019 Service cost, net $ 652 $ 532 $ 9,045 $ 7,500 $ — $ — 9,697 8,032 Interest cost on projected benefit obligations 1,778 2,292 2,332 5,063 14 32 4,124 7,387 Expected return on plan assets (3,048 ) (2,944 ) (16,104 ) (14,519 ) — — (19,152 ) (17,463 ) Recognition of prior service cost — — (3,460 ) (3,339 ) (38 ) — (3,498 ) (3,339 ) Recognition of actuarial losses/(gains) 1,290 1,187 11,311 10,247 (14 ) (346 ) 12,587 11,088 Net periodic pension cost/(credit) $ 672 $ 1,067 $ 3,124 $ 4,952 $ (38 ) $ (314 ) $ 3,758 $ 5,705 As previously disclosed in the Company's Annual Report on Form 10-K for the year ended December 31, 2019 , the Company expects to make employer contributions of approximately $25.6 million to its non-U.S. pension plans during the year ended December 31, 2020. This estimate may change based upon several factors, including fluctuations in currency exchange rates, actual returns on plan assets and changes in legal requirements.

Restructuring Charges

Restructuring Charges	6 Months Ended
	Jun. 30, 2020
Restructuring and Related Activities [Abstract]
RESTRUCTURING CHARGES	RESTRUCTURING CHARGES For the three and six months ended June 30, 2020 , the Company has incurred $0.9 million and $2.8 million of restructuring expenses, respectively, which primarily relates to employee related costs. Liabilities related to restructuring activities are included in accrued and other liabilities in the consolidated balance sheet. A rollforward of the Company’s accrual for restructuring activities for the six months ended June 30, 2020 is as follows: Total Balance at December 31, 2019 $ 6,701 Restructuring charges 2,765 Cash payments and utilization (4,627 ) Impact of foreign currency (10 ) Balance at June 30, 2020 $ 4,829

Other Charges (Income), Net

Other Charges (Income), Net	6 Months Ended
	Jun. 30, 2020
Other Income and Expenses [Abstract]
OTHER CHARGES (INCOME), NET	OTHER CHARGES (INCOME), NET Other charges (income), net includes non-service pension costs (benefits), (gains) losses from foreign currency transactions and related hedging activities, interest income and other items. Non-service pension benefits for the three months ended June 30, 2020 and 2019 were $3.0 million and $1.2 million , respectively and $5.9 million and $2.3 million for the six months ended June 30, 2020 and 2019, respectively.

Segment Reporting

Segment Reporting	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
SEGMENT REPORTING	SEGMENT REPORTING As disclosed in Note 19 to the Company's consolidated financial statements for the year ended December 31, 2019 , the Company has determined there are five reportable segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company evaluates segment performance based on Segment Profit (gross profit less research and development and selling, general and administrative expenses, before amortization, interest expense, restructuring charges, other charges (income), net and taxes). The following tables show the operations of the Company’s operating segments: Net Sales to Net Sales to As of June 30, For the three months ended External Other Total Net Segment 2020 June 30, 2020 Customers Segments Sales Profit Goodwill U.S. Operations $ 249,340 $ 27,515 $ 276,855 $ 52,581 $ 414,370 Swiss Operations 28,948 142,487 171,435 48,248 22,830 Western European Operations 149,051 39,699 188,750 30,345 84,975 Chinese Operations 140,907 45,731 186,638 63,955 621 Other (a) 122,427 875 123,302 13,122 14,828 Eliminations and Corporate (b) — (256,307 ) (256,307 ) (31,608 ) — Total $ 690,673 $ — $ 690,673 $ 176,643 $ 537,624 Net Sales to Net Sales to For the six months ended External Other Total Net Segment June 30, 2020 Customers Segments Sales Profit U.S. Operations $ 490,750 $ 53,904 $ 544,654 $ 97,519 Swiss Operations 60,844 295,336 356,180 102,158 Western European Operations 302,376 81,413 383,789 54,452 Chinese Operations 241,506 94,480 335,986 109,505 Other (a) 244,359 1,771 246,130 24,148 Eliminations and Corporate (b) — (526,904 ) (526,904 ) (69,861 ) Total $ 1,339,835 $ — $ 1,339,835 $ 317,921 (a) Other includes reporting units in Eastern Europe, Latin America, Southeast Asia and other countries. (b) Eliminations and Corporate includes the elimination of inter-segment transactions and certain corporate expenses and intercompany investments, which are not included in the Company’s operating segments. Net Sales to Net Sales to As of June 30, For the three months ended External Other Total Net Segment 2019 June 30, 2019 Customers Segments Sales Profit Goodwill U.S. Operations $ 267,889 $ 26,571 $ 294,460 $ 53,986 $ 410,021 Swiss Operations 31,358 151,931 183,289 48,613 22,157 Western European Operations 163,681 39,212 202,893 22,229 86,749 Chinese Operations 136,459 52,568 189,027 65,489 643 Other (a) 131,979 1,334 133,313 14,300 14,987 Eliminations and Corporate (b) — (271,616 ) (271,616 ) (26,876 ) — Total $ 731,366 $ — $ 731,366 $ 177,741 $ 534,557 Net Sales to Net Sales to For the six months ended External Other Total Net Segment June 30, 2019 Customers Segments Sales Profit U.S. Operations $ 502,540 $ 52,716 $ 555,256 $ 91,971 Swiss Operations 64,935 305,662 370,597 102,135 Western European Operations 329,587 83,257 412,844 47,954 Chinese Operations 258,181 109,425 367,606 124,973 Other (a) 255,575 2,595 258,170 27,487 Eliminations and Corporate (b) — (553,655 ) (553,655 ) (68,938 ) Total $ 1,410,818 $ — $ 1,410,818 $ 325,582 (a) Other includes reporting units in Eastern Europe, Latin America, Southeast Asia and other countries. (b) Eliminations and Corporate includes the elimination of inter-segment transactions and certain corporate expenses and intercompany investments, which are not included in the Company’s operating segments. A reconciliation of earnings before taxes to segment profit for the three and six month periods ended June 30 follows: Three Months Ended Six Months Ended 2020 2019 2020 2019 Earnings before taxes $ 155,255 $ 155,216 $ 273,754 $ 280,892 Amortization 13,889 12,326 27,887 24,548 Interest expense 9,582 8,882 19,801 17,976 Restructuring charges 860 2,891 2,765 4,414 Other charges (income), net (2,943 ) (1,574 ) (6,286 ) (2,248 ) Segment profit $ 176,643 $ 177,741 $ 317,921 $ 325,582 During the three months ended June 30, 2020 , restructuring charges of $0.9 million were recognized, of which $0.3 million , $0.3 million , $0.1 million and $0.2 million related to the Company’s U.S., Western European, Chinese and Other Operations, respectively. Restructuring charges of $2.9 million were recognized during the three months ended June 30, 2019 , of which $1.1 million , $0.3 million , $1.1 million , and $0.4 million , related to the Company’s U.S., Swiss, Western European, and Chinese Operations, respectively. Restructuring charges of $2.8 million were recognized during the six months ended June 30, 2020 , of which $0.6 million , $0.7 million , $1.1 million , $0.1 million and $0.3 million related to the Company’s U.S., Swiss, Western European, Chinese and Other Operations, respectively. Restructuring charges of $4.4 million were recognized during the six months ended June 30, 2019 , of which $1.6 million , $0.3 million , $2.1 million , and $0.4 million and related to the Company’s U.S., Swiss, Western European, and Chinese Operations, respectively.

Contingencies

Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES The Company is party to various legal proceedings, including certain environmental matters, incidental to the normal course of business. Management does not expect that any of such proceedings, either individually or in the aggregate, will have a material adverse effect on the Company’s financial condition, results of operations or cash flows.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Trade Accounts Receivable	Trade Accounts Receivable Trade accounts receivable are recorded at the invoiced amount and do not bear interest. The allowance for expected credit losses represents the Company’s best estimate based on historical information, current information, and reasonable and supportable forecasts of future events and circumstances.
Inventories	Inventories Inventories are valued at the lower of cost or net realizable value. Cost, which includes direct materials, labor and overhead, is generally determined using the first in, first out (FIFO) method. The estimated net realizable value is based on assumptions for future demand and related pricing. Adjustments to the cost basis of the Company’s inventory are made for excess and obsolete items based on usage, orders and technological obsolescence. If actual market conditions are less favorable than those projected by management, reductions in the value of inventory may be required. Inventories consisted of the following: June 30, December 31, Raw materials and parts $ 143,603 $ 129,294 Work-in-progress 49,867 43,202 Finished goods 106,276 101,789 $ 299,746 $ 274,285
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill, representing the excess of purchase price over the net asset value of companies acquired, and indefinite-lived intangible assets are not amortized, but are reviewed for impairment annually in the fourth quarter, or more frequently if events or changes in circumstances indicate that an asset might be impaired. The annual evaluation for goodwill and indefinite-lived intangible assets are generally based on an assessment of qualitative and quantitative factors to determine whether it is more likely than not that the fair value of the asset is less than its carrying amount. Other intangible assets include indefinite-lived assets and assets subject to amortization. Where applicable, amortization is charged on a straight-line basis over the expected period of benefit. The straight-line method of amortization reflects an appropriate allocation of the cost of the intangible assets to earnings in proportion to the amount of economic benefits obtained by the Company in each reporting period. The Company assesses the initial acquisition of intangible assets in accordance with the provisions of ASC 805 "Business Combinations" and the continued accounting for previously recognized intangible assets and goodwill in accordance with the provisions of ASC 350 "Intangible - Goodwill and Other" and ASC 360 "Property, Plant and Equipment". Other intangible assets consisted of the following: June 30, 2020 December 31, 2019 Gross Amount Accumulated Amortization Intangibles, Net Gross Amount Accumulated Amortization Intangibles, Net Customer relationships $ 200,104 $ (63,108 ) $ 136,996 $ 197,764 $ (58,851 ) $ 138,913 Proven technology and patents 75,857 (48,797 ) 27,060 75,170 (46,532 ) 28,638 Tradenames (finite life) 4,556 (3,149 ) 1,407 4,594 (3,124 ) 1,470 Tradenames (indefinite life) 35,474 — 35,474 35,474 — 35,474 Other 5,705 (4,511 ) 1,194 5,462 (3,715 ) 1,747 $ 321,696 $ (119,565 ) $ 202,131 $ 318,464 $ (112,222 ) $ 206,242 The Company recognized amortization expense associated with the above intangible assets of $3.9 million and $3.7 million for the three months ended June 30, 2020 and 2019 , respectively and $7.9 million and $7.4 million for the six months ended June 30, 2020 and 2019 , respectively. The annual aggregate amortization expense based on the current balance of other intangible assets is estimated at $15.8 million for 2020 , $14.6 million for 2021 , $13.2 million for 2022 , $13.9 million for 2023 , $12.7 million for 2024 and $11.6 million for 2025 . Purchased intangible amortization was $3.7 million , $2.8 million after tax, and $3.5 million , $2.6 million after tax, for the three months ended June 30, 2020 and 2019 , respectively and $7.5 million , $5.6 million after tax, and $6.9 million , $5.2 million after tax, for the six months ended June 30, 2020 and 2019 , respectively. In addition to the above amortization, the Company recorded amortization expense associated with capitalized software of $9.9 million and $8.5 million for the three months ended June 30, 2020 and 2019 , respectively and $19.9 million and $17.0 million for the six months ended June 30, 2020 and 2019 , respectively.
Revenue Recognition	Revenue Recognition Product revenue is recognized from contracts with customers when a customer has obtained control of a product. The Company considers control to have transferred based upon shipping terms. To the extent the Company’s arrangements have a separate performance obligation, revenue related to any post-shipment performance obligation is deferred until completed. Shipping and handling costs charged to customers are included in total net sales and the associated expense is a component of cost of sales. Certain products are also sold through indirect distribution channels whereby the distributor assumes any further obligations to the end customer. Revenue is recognized on these distributor arrangements upon transfer of control to the distributor. Contracts do not contain variable pricing arrangements that are retrospective, except for rebate programs. Rebates are estimated based on expected sales volumes and offset against revenue at the time such revenue is recognized. The Company generally maintains the right to accept or reject a product return in its terms and conditions and also maintains appropriate accruals for outstanding credits. The related provisions for estimated returns and rebates are immaterial to the consolidated financial statements. Certain of the Company’s product arrangements include separate performance obligations, primarily related to installation. Such performance obligations are accounted for separately when the deliverables have stand-alone value and the satisfaction of the undelivered performance obligations is probable and within the Company's control. The allocation of revenue between the performance obligations is based on the observable stand-alone selling prices at the time of the sale in accordance with a number of factors including service technician billing rates, time to install, and geographic location. Software is generally not considered a distinct performance obligation with the exception of a few small software applications. The Company generally does not sell software products without the related hardware instrument as the software is embedded in the product. The Company’s products typically require no significant production, modification, or customization of the hardware or software that is essential to the functionality of the products. Service revenue not under contract is recognized upon the completion of the service performed. Revenue from spare parts sold on a stand-alone basis is recognized when control is transferred to the customer, which is generally at the time of shipment or delivery. Revenue from service contracts is recognized ratably over the contract period using a time-based method. These contracts represent an obligation to perform repair and other services including regulatory compliance qualification, calibration, certification, and preventative maintenance on a customer’s pre-defined equipment over the contract period.
Lessee, Leases [Policy Text Block]	Leases The Company considers an arrangement a lease if the arrangement transfers the right to control the use of an identified asset in exchange for consideration. The Company has operating leases, but does not have financing leases. Operating lease right-of-use assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make payments arising from the lease agreement. These assets and liabilities are recognized at the commencement of the lease based upon the present value of the lease payments over the lease term. Lease payments include both lease and non-lease components for items or activities that transfer a good and service. Vehicle lease and non-lease components are separately accounted for based on standalone value. Real estate lease and non-lease components are accounted for as a single component. Operating lease right-of-use assets include initial direct costs, advanced lease payments and lease incentives. The lease term reflects the noncancellable period of the lease together with periods covered by an option to extend or terminate the lease when management is reasonably certain that it will exercise such option. The Company generally uses its incremental borrowing rate at the lease commencement date in determining the present value of lease payments as the information necessary to determine the rate implicit in the lease is not readily available. The incremental borrowing rate reflects similar terms by geographic location to the underlying leases. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Lease expense for operating leases is recognized on a straight-line basis over the lease term. Variable lease payments consist of non-lease services related to the lease. Variable lease payments are excluded from the right-of-use asset and lease liabilities and are expensed as incurred. Short-term leases are less than one year without purchase or renewal options that are reasonably certain to be exercised and are recognized on a straight-line basis over the lease term. The right-of-use asset is tested for impairment in accordance with ASC 360.
Warranty	Warranty The Company generally offers one -year warranties on most of its products. Product warranties are recorded at the time revenue is recognized. While the Company engages in extensive product quality programs and processes, its warranty obligations are affected by product failure rates, material usage and service costs incurred in correcting a product failure.
Employee Termination Benefits	Employee Termination Benefits In situations where contractual termination benefits exist, the Company records accruals for employee termination benefits when it is probable that a liability has been incurred and the amount of the liability is reasonably estimable. All other employee termination arrangements are recognized and measured at their fair value at the communication date unless the employee is required to render additional service beyond the legal notification period, in which case the liability is recognized ratably over the future service period.
Share - Based Compensation	Share-Based Compensation The Company recognizes share-based compensation expense within selling, general and administrative in the consolidated statements of operations and other comprehensive income with a corresponding offset to additional paid-in capital in the consolidated balance sheet. The Company recorded $4.4 million and $8.8 million of share-based compensation expense for the three and six months ended June 30, 2020 , respectively, compared to $4.3 million and $8.8 million for the corresponding periods in 2019 .
Research and Development	Research and Development Research and development costs primarily consist of salaries, consulting and other costs. The Company expenses these costs as incurred.
Business Combinations Policy [Policy Text Block]	Business Combinations and Asset Acquisitions The Company accounts for business acquisitions under the accounting standards for business combinations. The results of each acquisition are included in the Company's consolidated results as of the acquisition date. The purchase price of an acquisition is allocated to tangible and intangible assets and assumed liabilities based on their estimated fair values and any consideration in excess of the net assets acquired is recognized as goodwill. Acquisition transaction costs are expensed when incurred. In circumstances where an acquisition involves a contingent consideration arrangement, the Company recognizes a liability equal to the fair value of the expected contingent payments as of the acquisition date. Subsequent changes in the fair value of the contingent consideration are recorded to other charges (income), net.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13: Financial Instruments - Credit Losses. The ASU requires the allowance for doubtful accounts to be estimated based on an incurred loss model, which considers historical and forecasted conditions. The guidance became effective for the Company January 1, 2020 on a prospective basis and did not have an impact on the consolidated financial statements. In August 2018, the FASB issued ASU 2018-14: Compensation - Retirement Benefit which amends the current disclosure requirements for defined benefit pension plans and other post-retirement plans. The change in the disclosures will be applied retrospectively and becomes effective December 15, 2020 with early adoption permitted. The Company is currently evaluating the impact of this guidance on the benefit plan disclosures. In August 2018, the FASB issued ASU 2018-15: Internal-Use Software which clarifies the accounting for implementation costs associated with cloud-computing internal-use software arrangements. The implementation costs should be capitalized and expensed over the service term, including options to extend, and recognized in selling, general, and administrative in the statement of operations. The guidance became effective January 1, 2020 and is applied on a prospective basis. The adoption of this guidance did not have a material impact on the consolidated financial statements. In December 2019, the FASB issued ASU 2019-12: Income Taxes which removes certain exceptions to the general principles of ASC 740 related to intraperiod tax allocation exceptions, deferred tax liabilities related to outside basis differences, and year-to-date losses in interim periods. In addition, the ASU amends the interim guidance to clarify that all tax effects, both deferred and current, related to enactments of tax laws or rate changes should be accounted for in the interim period that includes the enactment date. The change is applied prospectively and becomes effective December 15, 2020 with early adoption permitted. The Company is currently evaluating the impact of this guidance on the consolidated financial statements. In March 2020, the FASB issued ASU 2020-04: Reference Rate Reform which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by discontinuance of LIBOR or another referenced rate. The guidance may be applied to any applicable contract entered into before December 31, 2022. The Company is currently evaluating the impact of this guidance on the consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Components of inventories	Inventories consisted of the following: June 30, December 31, Raw materials and parts $ 143,603 $ 129,294 Work-in-progress 49,867 43,202 Finished goods 106,276 101,789 $ 299,746 $ 274,285
Components of other intangible assets	Other intangible assets consisted of the following: June 30, 2020 December 31, 2019 Gross Amount Accumulated Amortization Intangibles, Net Gross Amount Accumulated Amortization Intangibles, Net Customer relationships $ 200,104 $ (63,108 ) $ 136,996 $ 197,764 $ (58,851 ) $ 138,913 Proven technology and patents 75,857 (48,797 ) 27,060 75,170 (46,532 ) 28,638 Tradenames (finite life) 4,556 (3,149 ) 1,407 4,594 (3,124 ) 1,470 Tradenames (indefinite life) 35,474 — 35,474 35,474 — 35,474 Other 5,705 (4,511 ) 1,194 5,462 (3,715 ) 1,747 $ 321,696 $ (119,565 ) $ 202,131 $ 318,464 $ (112,222 ) $ 206,242

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue [Table Text Block]	For the three months ended June 30, 2020 U.S. Operations Swiss Operations Western European Operations Chinese Operations Other Operations Total Product Revenue $ 188,363 $ 22,012 $ 104,458 $ 128,151 $ 94,129 $ 537,113 Service Revenue: Point in time 46,342 4,726 27,945 9,784 23,490 112,287 Over time 14,635 2,210 16,648 2,972 4,808 41,273 Total $ 249,340 $ 28,948 $ 149,051 $ 140,907 $ 122,427 $ 690,673 For the three months ended June 30, 2019 U.S. Operations Swiss Operations Western European Operations Chinese Operations Other Operations Total Product Revenue $ 202,608 $ 24,362 $ 115,195 $ 124,042 $ 99,720 $ 565,927 Service Revenue: Point in time 53,054 5,035 32,553 9,548 27,800 127,990 Over time 12,227 1,961 15,933 2,869 4,459 37,449 Total $ 267,889 $ 31,358 $ 163,681 $ 136,459 $ 131,979 $ 731,366 For the six months ended June 30, 2020 U.S. Operations Swiss Operations Western European Operations Chinese Operations Other Operations Total Product Revenue $ 365,799 $ 46,288 $ 210,335 $ 218,472 $ 185,553 $ 1,026,447 Service Revenue: Point in time 96,577 10,282 59,336 16,890 49,166 232,251 Over time 28,374 4,274 32,705 6,144 9,640 81,137 Total $ 490,750 $ 60,844 $ 302,376 $ 241,506 $ 244,359 $ 1,339,835 For the six months ended June 30, 2019 U.S. Operations Swiss Operations Western European Operations Chinese Operations Other Operations Total Product Revenue $ 376,864 $ 51,027 $ 231,751 $ 235,457 $ 195,175 $ 1,090,274 Service Revenue: Point in time 102,707 9,985 65,328 17,252 52,660 247,932 Over time 22,969 3,923 32,508 5,472 7,740 72,612 Total $ 502,540 $ 64,935 $ 329,587 $ 258,181 $ 255,575 $ 1,410,818 A summary of revenue by major geographic destination for the three and six months ended June 30 follows: Three Months Ended Six Months Ended 2020 2019 2020 2019 Americas $ 270,291 $ 292,345 $ 535,124 $ 550,978 Europe 194,165 207,309 388,992 416,864 Asia / Rest of World 226,217 231,712 415,719 442,976 Total $ 690,673 $ 731,366 $ 1,339,835 $ 1,410,818 The Company's global revenue mix by product category is comprised of laboratory ( 54% of sales), industrial ( 40% of sales) and retail ( 6% of sales). The Company's product revenue by reportable segment is proportionately similar to the Company's global mix except the Company's Swiss Operations is largely comprised of laboratory products while the Company's Chinese Operations has a slightly higher percentage of industrial products. A summary of the Company’s revenue by product category for the three and six months ended June 30 is as follows: Three Months Ended Six Months Ended 2020 2019 2020 2019 Laboratory $ 359,471 $ 379,659 $ 716,562 $ 739,392 Industrial 288,824 303,059 541,179 574,379 Retail 42,378 48,648 82,094 97,047 Total $ 690,673 $ 731,366 $ 1,339,835 $ 1,410,818
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]	2020 2019 Beginning balances as of January 1 $ 122,489 $ 105,381 Customer pre-payments/deferred revenue 278,015 306,667 Revenue recognized (251,462 ) (283,508 ) Foreign currency translation 1,700 164 Ending balance as of June 30 $ 150,742 $ 128,704

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Assets and liabilities measured at fair value on a recurring basis	June 30, 2020 December 31, 2019 Balance Sheet Classification Foreign currency forward contracts not designated as hedging instruments $ 1,426 $ 1,568 Other current assets and prepaid expenses Total derivative assets $ 1,426 $ 1,568 Foreign currency forward contracts not designated as hedging instruments $ 2,701 $ 2,392 Accrued and other liabilities Cash Flow Hedges: Interest rate swap agreements 398 371 Accrued and other liabilities Cross currency swap agreement 5,606 — Accrued and other liabilities Interest rate swap agreements 3,580 1,548 Other non-current liabilities Cross currency swap agreement 2,519 4,706 Other non-current liabilities Total derivative liabilities $ 14,804 $ 9,017

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt	Debt consisted of the following at June 30, 2020 : June 30, 2020 U.S. Dollar Other Principal Trading Currencies Total 3.67% $50 million ten-year Senior Notes due December 17, 2022 $ 50,000 $ — $ 50,000 4.10% $50 million ten-year Senior Notes due September 19, 2023 50,000 — 50,000 3.84% $125 million ten-year Senior Notes due September 19, 2024 125,000 — 125,000 4.24% $125 million ten-year Senior Notes due June 25, 2025 125,000 — 125,000 3.91% $75 million ten-year Senior Notes due June 25, 2029 75,000 — 75,000 3.19% $50 million fifteen-year Senior Notes due January 24, 2035 50,000 — 50,000 1.47% Euro 125 million fifteen-year Senior Notes due June 17, 2030 — 140,245 140,245 1.30% Euro 135 million fifteen-year Senior Notes due November 6, 2034 — 151,464 151,464 Debt issuance costs, net (1,051 ) (1,105 ) (2,156 ) Total Senior Notes 473,949 290,604 764,553 $1.1 billion Credit Agreement, interest at LIBOR plus 97.5 basis points 299,997 81,080 381,077 Other local arrangements 2,723 51,822 54,545 Total debt 776,669 423,506 1,200,175 Less: current portion (1,763 ) (51,822 ) (53,585 ) Total long-term debt $ 774,906 $ 371,684 $ 1,146,590

Other Comprehensive Income (Tab

Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2020
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The following table presents changes in accumulated other comprehensive income by component for the six months ended June 30, 2020 and 2019 : Currency Translation Adjustment, Net of Tax Net Unrealized Gain (Loss) on Cash Flow Hedging Arrangements, Net of Tax Pension and Post-Retirement Benefit Related Items, Net of Tax Total Balance at December 31, 2019 $ (61,015 ) $ (1,222 ) $ (261,436 ) $ (323,673 ) Other comprehensive income (loss), net of tax: Unrealized gains (losses) cash flow hedging arrangements — (3,951 ) — (3,951 ) Foreign currency translation adjustment (21,326 ) — (5,949 ) (27,275 ) Amounts recognized from accumulated other comprehensive income (loss), net of tax — 2,195 7,099 9,294 Net change in other comprehensive income (loss), net of tax (21,326 ) (1,756 ) 1,150 (21,932 ) Balance at June 30, 2020 $ (82,341 ) $ (2,978 ) $ (260,286 ) $ (345,605 )
Disclosure of Reclassification Amount [Text Block]	The following table presents amounts recognized from accumulated other comprehensive income (loss) for the three and six month periods ended June 30 : Three Months Ended June 30, 2020 2019 Location of Amounts Recognized in Earnings Effective portion of (gains) / losses on cash flow hedging arrangements: Interest rate swap agreements $ 692 $ (50 ) Interest expense Cross currency swap agreement 34 1,455 (a) Total before taxes 726 1,405 Provision for taxes 179 100 Provision for taxes Total, net of taxes $ 547 $ 1,305 Recognition of defined benefit pension and post-retirement items: Recognition of actuarial losses and prior service cost, before taxes $ 4,596 $ 3,860 (b) Provision for taxes 1,000 869 Provision for taxes Total, net of taxes $ 3,596 $ 2,991
Schedule of Comprehensive Income (Loss) [Table Text Block]	.

Net Periodic Benefit Cost (Tabl

Net Periodic Benefit Cost (Tables)	6 Months Ended
	Jun. 30, 2020
Retirement Benefits [Abstract]
Schedule of Net Benefit Costs [Table Text Block]	Net periodic pension cost for the Company’s defined benefit pension plans and U.S. post-retirement medical plan includes the following components for the three months ended June 30 : U.S. Pension Benefits Non-U.S. Pension Benefits Other U.S. Post-retirement Benefits Total 2020 2019 2020 2019 2020 2019 2020 2019 Service cost, net $ 326 $ 266 $ 4,528 $ 3,799 $ — $ — 4,854 4,065 Interest cost on projected benefit obligations 889 1,146 1,097 2,520 7 16 1,993 3,682 Expected return on plan assets (1,524 ) (1,472 ) (8,017 ) (7,218 ) — — (9,541 ) (8,690 ) Recognition of prior service cost — — (1,735 ) (1,637 ) (19 ) — (1,754 ) (1,637 ) Recognition of actuarial losses/(gains) 645 593 5,712 5,062 (7 ) (173 ) 6,350 5,482 Net periodic pension cost/(credit) $ 336 $ 533 $ 1,585 $ 2,526 $ (19 ) $ (157 ) $ 1,902 $ 2,902 Net periodic pension cost for the Company’s defined benefit pension plans and U.S. post-retirement medical plan includes the following components for the six months ended June 30 : U.S. Pension Benefits Non-U.S. Pension Benefits Other U.S. Post-retirement Benefits Total 2020 2019 2020 2019 2020 2019 2020 2019 Service cost, net $ 652 $ 532 $ 9,045 $ 7,500 $ — $ — 9,697 8,032 Interest cost on projected benefit obligations 1,778 2,292 2,332 5,063 14 32 4,124 7,387 Expected return on plan assets (3,048 ) (2,944 ) (16,104 ) (14,519 ) — — (19,152 ) (17,463 ) Recognition of prior service cost — — (3,460 ) (3,339 ) (38 ) — (3,498 ) (3,339 ) Recognition of actuarial losses/(gains) 1,290 1,187 11,311 10,247 (14 ) (346 ) 12,587 11,088 Net periodic pension cost/(credit) $ 672 $ 1,067 $ 3,124 $ 4,952 $ (38 ) $ (314 ) $ 3,758 $ 5,705

Restructuring Charges (Tables)

Restructuring Charges (Tables)	6 Months Ended
	Jun. 30, 2020
Restructuring Cost and Reserve [Line Items]
Company's accrual for restructuring activities	A rollforward of the Company’s accrual for restructuring activities for the six months ended June 30, 2020 is as follows: Total Balance at December 31, 2019 $ 6,701 Restructuring charges 2,765 Cash payments and utilization (4,627 ) Impact of foreign currency (10 ) Balance at June 30, 2020 $ 4,829

Segment Reporting (Tables)

Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2020
Operations of the Company's operating segments	The following tables show the operations of the Company’s operating segments: Net Sales to Net Sales to As of June 30, For the three months ended External Other Total Net Segment 2020 June 30, 2020 Customers Segments Sales Profit Goodwill U.S. Operations $ 249,340 $ 27,515 $ 276,855 $ 52,581 $ 414,370 Swiss Operations 28,948 142,487 171,435 48,248 22,830 Western European Operations 149,051 39,699 188,750 30,345 84,975 Chinese Operations 140,907 45,731 186,638 63,955 621 Other (a) 122,427 875 123,302 13,122 14,828 Eliminations and Corporate (b) — (256,307 ) (256,307 ) (31,608 ) — Total $ 690,673 $ — $ 690,673 $ 176,643 $ 537,624 Net Sales to Net Sales to For the six months ended External Other Total Net Segment June 30, 2020 Customers Segments Sales Profit U.S. Operations $ 490,750 $ 53,904 $ 544,654 $ 97,519 Swiss Operations 60,844 295,336 356,180 102,158 Western European Operations 302,376 81,413 383,789 54,452 Chinese Operations 241,506 94,480 335,986 109,505 Other (a) 244,359 1,771 246,130 24,148 Eliminations and Corporate (b) — (526,904 ) (526,904 ) (69,861 ) Total $ 1,339,835 $ — $ 1,339,835 $ 317,921 (a) Other includes reporting units in Eastern Europe, Latin America, Southeast Asia and other countries. (b) Eliminations and Corporate includes the elimination of inter-segment transactions and certain corporate expenses and intercompany investments, which are not included in the Company’s operating segments. Net Sales to Net Sales to As of June 30, For the three months ended External Other Total Net Segment 2019 June 30, 2019 Customers Segments Sales Profit Goodwill U.S. Operations $ 267,889 $ 26,571 $ 294,460 $ 53,986 $ 410,021 Swiss Operations 31,358 151,931 183,289 48,613 22,157 Western European Operations 163,681 39,212 202,893 22,229 86,749 Chinese Operations 136,459 52,568 189,027 65,489 643 Other (a) 131,979 1,334 133,313 14,300 14,987 Eliminations and Corporate (b) — (271,616 ) (271,616 ) (26,876 ) — Total $ 731,366 $ — $ 731,366 $ 177,741 $ 534,557 Net Sales to Net Sales to For the six months ended External Other Total Net Segment June 30, 2019 Customers Segments Sales Profit U.S. Operations $ 502,540 $ 52,716 $ 555,256 $ 91,971 Swiss Operations 64,935 305,662 370,597 102,135 Western European Operations 329,587 83,257 412,844 47,954 Chinese Operations 258,181 109,425 367,606 124,973 Other (a) 255,575 2,595 258,170 27,487 Eliminations and Corporate (b) — (553,655 ) (553,655 ) (68,938 ) Total $ 1,410,818 $ — $ 1,410,818 $ 325,582 (a) Other includes reporting units in Eastern Europe, Latin America, Southeast Asia and other countries. (b) Eliminations and Corporate includes the elimination of inter-segment transactions and certain corporate expenses and intercompany investments, which are not included in the Company’s operating segments.
Reconciliation of earnings before taxes to segment profit	A reconciliation of earnings before taxes to segment profit for the three and six month periods ended June 30 follows: Three Months Ended Six Months Ended 2020 2019 2020 2019 Earnings before taxes $ 155,255 $ 155,216 $ 273,754 $ 280,892 Amortization 13,889 12,326 27,887 24,548 Interest expense 9,582 8,882 19,801 17,976 Restructuring charges 860 2,891 2,765 4,414 Other charges (income), net (2,943 ) (1,574 ) (6,286 ) (2,248 ) Segment profit $ 176,643 $ 177,741 $ 317,921 $ 325,582

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Components of inventory
Raw materials and parts	$ 143,603	$ 129,294
Work-in-progress	49,867	43,202
Finished goods	106,276	101,789
Total Inventory, Net	$ 299,746	$ 274,285

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details 1) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	$ 321,696	$ 318,464
Accumulated Amortization	(119,565)	(112,222)
Intangible Assets, Net (Excluding Goodwill)	202,131	206,242
Tradename (indefinite life) [Member]
Intangible Assets [Line Items]
Gross amount, Tradename (indefinite life)	35,474	35,474
Intangible Assets, Net (Excluding Goodwill)	35,474	35,474
Customer Relationships [Member]
Intangible Assets [Line Items]
Gross amount	200,104	197,764
Accumulated Amortization	(63,108)	(58,851)
Intangible Assets, Net (Excluding Goodwill)	136,996	138,913
Proven technology and patents [Member]
Intangible Assets [Line Items]
Gross amount	75,857	75,170
Accumulated Amortization	(48,797)	(46,532)
Intangible Assets, Net (Excluding Goodwill)	27,060	28,638
Tradename (indefinite life) [Member]
Intangible Assets [Line Items]
Gross amount	4,556	4,594
Accumulated Amortization	(3,149)	(3,124)
Intangible Assets, Net (Excluding Goodwill)	1,407	1,470
Other Intangible Assets [Member]
Intangible Assets [Line Items]
Gross amount	5,705	5,462
Accumulated Amortization	(4,511)	(3,715)
Intangible Assets, Net (Excluding Goodwill)	$ 1,194	$ 1,747

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details Textuals) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Summary of Significant Accounting Policies (Textuals) [Abstract]
Amortization expense	$ 3.9	$ 3.7	$ 7.9	$ 7.4
Future Amortization Expense Current Year			15.8
Aggregate amortization expense for 2020	14.6		14.6
Aggregate amortization expense for 2021	13.2		13.2
Aggregate amortization expense for 2023	13.9		13.9
Aggregate amortization expense for 2024	12.7		12.7
Aggregate amortization expense for 2025	11.6		11.6
Purchased Intangible Amortization, Gross	3.7	3.5	7.5	6.9
Purchased intangible amortization, net of tax	2.8	2.6	5.6	5.2
Amortization expense associated with capitalized software	9.9	8.5	19.9	17
Share - based compensation expense	$ 4.4	$ 4.3	$ 8.8	$ 8.8

Revenue from Contracts with C_3

Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 690,673	$ 731,366	$ 1,339,835	$ 1,410,818
Contract with Customer, Asset, after Allowance for Credit Loss	24,800		24,800		$ 17,400
Americas [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	270,291	292,345	535,124	550,978
Europe [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	194,165	207,309	388,992	416,864
Asia [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	226,217	231,712	415,719	442,976
Product [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	537,113	565,927	1,026,447	1,090,274
Service [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	112,287	127,990	232,251	247,932
Service [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 41,273	37,449	$ 81,137	72,612
Laboratory products and services [Member]
Disaggregation of Revenue [Line Items]
Percentage of Disaggregated Revenue in Relationship to Segments	54.00%		54.00%
Revenue from Contract with Customer, Excluding Assessed Tax	$ 359,471	379,659	$ 716,562	739,392
Industrial products and services [Member]
Disaggregation of Revenue [Line Items]
Percentage of Disaggregated Revenue in Relationship to Segments	40.00%		40.00%
Revenue from Contract with Customer, Excluding Assessed Tax	$ 288,824	303,059	$ 541,179	574,379
Retail products and services [Member]
Disaggregation of Revenue [Line Items]
Percentage of Disaggregated Revenue in Relationship to Segments	6.00%		6.00%
Revenue from Contract with Customer, Excluding Assessed Tax	$ 42,378	48,648	$ 82,094	97,047
US Operations [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	249,340	267,889	490,750	502,540
US Operations [Member] | Product [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	188,363	202,608	365,799	376,864
US Operations [Member] | Service [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	46,342	53,054	96,577	102,707
US Operations [Member] | Service [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	14,635	12,227	28,374	22,969
Swiss Operations [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	28,948	31,358	60,844	64,935
Swiss Operations [Member] | Product [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	22,012	24,362	46,288	51,027
Swiss Operations [Member] | Service [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	4,726	5,035	10,282	9,985
Swiss Operations [Member] | Service [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	2,210	1,961	4,274	3,923
Western European Operations [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	149,051	163,681	302,376	329,587
Western European Operations [Member] | Product [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	104,458	115,195	210,335	231,751
Western European Operations [Member] | Service [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	27,945	32,553	59,336	65,328
Western European Operations [Member] | Service [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	16,648	15,933	32,705	32,508
Chinese Operations [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	140,907	136,459	241,506	258,181
Chinese Operations [Member] | Product [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	128,151	124,042	218,472	235,457
Chinese Operations [Member] | Service [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	9,784	9,548	16,890	17,252
Chinese Operations [Member] | Service [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	2,972	2,869	6,144	5,472
Other Operations [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	122,427	131,979	244,359	255,575
Other Operations [Member] | Product [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	94,129	99,720	185,553	195,175
Other Operations [Member] | Service [Member] | Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	23,490	27,800	49,166	52,660
Other Operations [Member] | Service [Member] | Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 4,808	$ 4,459	$ 9,640	$ 7,740

Revenue from Contracts with C_4

Revenue from Contracts with Customers 2 (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Sep. 30, 2018
Revenue from Contract with Customer [Abstract]
Deferred Revenue	$ 150,742		$ 122,489	$ 105,381	$ 128,704
Contract with Customer, Asset, after Allowance for Credit Loss	24,800		$ 17,400
Customer prepayments and deferred revenue	278,015	$ 306,667
Contract with Customer, Liability, Revenue Recognized	(251,462)	(283,508)
Temporary Equity, Foreign Currency Translation Adjustments	$ 1,700	$ 164

Financial Instruments (Details)

Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Derivative [Line Items]
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months			$ 500
Designated as Hedging Instrument [Member] | June 2019 4 YR Cross Currency Swap [Member]
Derivative [Line Items]
Line Of Credit Facility Forecasted Borrowing Amount	$ 50,000		$ 50,000
Derivative, Fixed Interest Rate	0.82%		0.82%
Gain (Loss) on Foreign Currency Cash Flow Hedge Ineffectiveness	$ 0		$ 0
Designated as Hedging Instrument [Member] | June 2019 2 YR Cross Currency Swap [Member]
Derivative [Line Items]
Line Of Credit Facility Forecasted Borrowing Amount	$ 50,000		$ 50,000
Derivative, Fixed Interest Rate	0.95%		0.95%
Gain (Loss) on Foreign Currency Cash Flow Hedge Ineffectiveness	$ 0		$ 0
Designated as Hedging Instrument [Member] | February 2019 Cross Currency Swap [Member]
Derivative [Line Items]
Line Of Credit Facility Forecasted Borrowing Amount	$ 50,000		$ 50,000
Derivative, Fixed Interest Rate	0.78%		0.78%
Gain (Loss) on Foreign Currency Cash Flow Hedge Ineffectiveness	$ 0		$ 0
Designated as Hedging Instrument [Member] | 2017 Cross Currency Swap [Member]
Derivative [Line Items]
Gain (Loss) on Foreign Currency Cash Flow Hedge Ineffectiveness	0		0
Designated as Hedging Instrument [Member] | 2.25% $100 Million Interest Rate Swap [Member]
Derivative [Line Items]
Line Of Credit Facility Forecasted Borrowing Amount	$ 100,000		$ 100,000
Derivative, Fixed Interest Rate	2.25%		2.25%
Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness	$ 0		$ 0
Designated as Hedging Instrument [Member] | 2.52% $50 Million Interest Rate Swap [Member]
Derivative [Line Items]
Line Of Credit Facility Forecasted Borrowing Amount	$ 50,000		$ 50,000
Derivative, Fixed Interest Rate	2.52%		2.52%
Gain (Loss) on Interest Rate Cash Flow Hedge Ineffectiveness	$ 0		$ 0
Not Designated as Hedging Instrument [Member]
Derivative [Line Items]
Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	300	$ 9,200	7,000	$ 4,500
Derivative, Notional Amount	$ 478,200		$ 478,200		$ 494,600

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Cash Flow Hedge Short Term	$ 5,606	$ 0
Cash Equivalents, at Carrying Value	14,800	8,200
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Asset	1,426	1,568
Derivative Liability	14,804	9,017
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Asset at Fair Value	1,426	1,568
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value	2,701	2,392
Interest Rate Swap Short Term	398	371
Interest Rate Cash Flow Hedge Liability at Fair Value	3,580	1,548
Foreign Currency Cash Flow Hedge Liability at Fair Value	2,519	$ 4,706
Change in Carrying Value Verse Fair Value of Long Term Debt	$ 35,600

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020Rate	Jun. 30, 2019Rate	Jun. 30, 2020Rate	Jun. 30, 2019Rate
Effective Income Tax Rate Reconciliation, Percent	18.50%	18.10%	17.90%	14.90%
Annual Effective Tax Rate before recurring discrete tax items			20.50%	20.00%

Debt (Details)

Debt (Details) € in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)Rate	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)Rate	Jun. 30, 2019USD ($)	Jun. 30, 2020EUR (€)Rate	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	$ 764,553		$ 764,553
Unamortized Debt Issuance Expense	(2,156)		(2,156)
Line of Credit Facility, Fair Value of Amount Outstanding	381,077		381,077
Total debt	1,200,175		1,200,175
Debt, Current	(53,585)		(53,585)
Long-term Debt	1,146,590		$ 1,146,590
Debt Instrument, Term			15 years
Line of Credit Facility, Remaining Borrowing Capacity	712,100		$ 712,100
Cash and Cash Equivalents, at Carrying Value	127,277		127,277			$ 207,785	$ 178,110	$ 124,439
Gain (Loss) on Derivative Used in Net Investment Hedge, after Tax	2,100	$ 1,300	100	$ (1,000)
Cumulative (gain) loss in other other comprehensive income related to the change in a net investment hedge.	1,600		1,600
Us Dollar Amounts Member
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	473,949		473,949
Unamortized Debt Issuance Expense	(1,051)		(1,051)
Line of Credit Facility, Fair Value of Amount Outstanding	299,997		299,997
Total debt	776,669		776,669
Debt, Current	(1,763)		(1,763)
Long-term Debt	774,906		774,906
Other Principal Trading Currencies [Member]
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	290,604		290,604
Unamortized Debt Issuance Expense	(1,105)		(1,105)
Line of Credit Facility, Fair Value of Amount Outstanding	81,080		81,080
Total debt	423,506		423,506
Debt, Current	(51,822)		(51,822)
Long-term Debt	$ 371,684		$ 371,684
3.67% Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage | Rate	3.67%		3.67%		3.67%
Debt Instrument, Maturity Date			Dec. 17, 2022
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	$ 50,000		$ 50,000
Debt Instrument, Term			10 years
3.67% Senior Notes [Member] | Us Dollar Amounts Member
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	50,000		$ 50,000
3.67% Senior Notes [Member] | Other Principal Trading Currencies [Member]
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	$ 0		$ 0
4.10% Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage | Rate	4.10%		4.10%		4.10%
Debt Instrument, Maturity Date			Sep. 19, 2023
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	$ 50,000		$ 50,000
Debt Instrument, Term			10 years
4.10% Senior Notes [Member] | Us Dollar Amounts Member
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	50,000		$ 50,000
4.10% Senior Notes [Member] | Other Principal Trading Currencies [Member]
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	$ 0		$ 0
3.84% Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage | Rate	3.84%		3.84%		3.84%
Debt Instrument, Maturity Date			Sep. 19, 2024
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	$ 125,000		$ 125,000
Debt Instrument, Term			10 years
3.84% Senior Notes [Member] | Us Dollar Amounts Member
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	125,000		$ 125,000
3.84% Senior Notes [Member] | Other Principal Trading Currencies [Member]
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	$ 0		$ 0
4.24% Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage | Rate	4.24%		4.24%		4.24%
Debt Instrument, Maturity Date			Jun. 25, 2025
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	$ 125,000		$ 125,000
Debt Instrument, Term			10 years
4.24% Senior Notes [Member] | Us Dollar Amounts Member
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	125,000		$ 125,000
4.24% Senior Notes [Member] | Other Principal Trading Currencies [Member]
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	$ 0		$ 0
3.91% Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage | Rate	3.91%		3.91%		3.91%
Debt Instrument, Maturity Date			Jun. 25, 2029
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	$ 75,000		$ 75,000
Debt Instrument, Term			10 years
3.91% Senior Notes [Member] | Us Dollar Amounts Member
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	75,000		$ 75,000
3.91% Senior Notes [Member] | Other Principal Trading Currencies [Member]
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	$ 0		$ 0
3.19% Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage | Rate	3.19%		3.19%		3.19%
Debt Instrument, Maturity Date			Jan. 24, 2035
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	$ 50,000		$ 50,000
3.19% Senior Notes [Member] | Us Dollar Amounts Member
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	50,000		50,000
3.19% Senior Notes [Member] | Other Principal Trading Currencies [Member]
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	$ 0		$ 0
1.47% EURO Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage | Rate	1.47%		1.47%		1.47%
Euro Notes - USD Amount	$ 140,245		$ 140,245
Debt Instrument, Maturity Date			Jun. 17, 2030
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes | €					€ 125,000
Debt Instrument, Term			15 years
1.47% EURO Senior Notes [Member] | Us Dollar Amounts Member
Debt Instrument [Line Items]
Euro Notes - USD Amount	0		$ 0
1.47% EURO Senior Notes [Member] | Other Principal Trading Currencies [Member]
Debt Instrument [Line Items]
Euro Notes - USD Amount	$ 140,245		$ 140,245
1.30% Euro-Senior Notes [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage | Rate	1.30%		1.30%		1.30%
Euro Notes - USD Amount	$ 151,464		$ 151,464
Debt Instrument, Maturity Date			Nov. 6, 2034
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes | €					€ 135
Debt Instrument, Term			15 years
1.30% Euro-Senior Notes [Member] | Us Dollar Amounts Member
Debt Instrument [Line Items]
Euro Notes - USD Amount	0		$ 0
1.30% Euro-Senior Notes [Member] | Other Principal Trading Currencies [Member]
Debt Instrument [Line Items]
Euro Notes - USD Amount	$ 151,464		$ 151,464
Credit facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage | Rate	0.975%		0.975%		0.975%
Debt Instrument, Maturity Date			Jun. 15, 2023
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Senior Notes	$ 1,100,000		$ 1,100,000
Other local arrangements [Member]
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Other Borrowings	54,545		54,545
Other local arrangements [Member] | Us Dollar Amounts Member
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Other Borrowings	2,723		2,723
Other local arrangements [Member] | Other Principal Trading Currencies [Member]
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Other Borrowings	$ 51,822		$ 51,822
Swiss Pension Loans [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	8750.00%		8750.00%		8750.00%
Long-Term Debt, by Current and Noncurrent, and Short-Term Debt
Loan from Swiss Pension Plan USD Amount	$ 39,600		$ 39,600
Swiss Pension Loans (local currency)	$ 38,000		$ 38,000

Share Repurchase Program and _2

Share Repurchase Program and Treasury Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Stock Repurchase Program, Additional Authorized Amount				$ 2,000,000
Share Repurchase Program and Treasury Stock (Textuals) [Abstract]
Remaining Amount to Repurchase under the program				$ 1,100,000
Shares Purchased Under Share Repurchase Program				28,900,000
Treasury Stock, Value, Acquired, Cost Method	$ 200,000	$ 186,250	$ 186,250	$ 200,000	$ 372,500
Number of shares repurchased				(268,161)	(539,326)
Average price of share repurchased, per share				$ 745.80	$ 690.66
Exercise of stock options and restricted stock units, shares reissued				114,109	226,595

Other Comprehensive Income (Det

Other Comprehensive Income (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (345,605)		$ (323,673)	$ (302,414)	$ (301,433)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(3,951)	$ (2,957)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(27,275)	(1,799)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	9,294	5,737
Other Comprehensive Income (Loss), Net of Tax	(21,932)	981
Accumulated Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(82,341)		(61,015)	(63,913)	(64,598)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	0	0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(21,326)	(685)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0
Other Comprehensive Income (Loss), Net of Tax	(21,326)	(685)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(2,978)		(1,222)	702	(2,523)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(3,951)	(2,957)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	0	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	2,195	(268)
Other Comprehensive Income (Loss), Net of Tax	(1,756)	(3,225)
Accumulated Defined Benefit Plans Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(260,286)		$ (261,436)	$ (239,203)	$ (234,312)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	0	0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(5,949)	(1,114)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	7,099	6,005
Other Comprehensive Income (Loss), Net of Tax	$ 1,150	$ 4,891

Other Comprehensive Income Deta

Other Comprehensive Income Details 2 (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ 726	$ 1,405	$ 2,560	$ (312)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	179	100	365	(44)
Other Comprehensive Income (Loss), Reclassification Adjustment on Derivatives Included in Net Income, Net of Tax	547	1,305	2,195	(268)
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, before Tax, Portion Attributable to Parent	4,596	3,860	9,089	7,749
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Tax, Portion Attributable to Parent	1,000	869	1,990	1,744
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	3,596	2,991	7,099	6,005
Interest Rate Swap [Member]
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	692	(50)	940	(113)
Cross Currency Swap [Member]
Interest Rate Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	34	$ 1,455	1,620	$ (199)
Foreign Currency Transaction Gain (Loss), Unrealized	600		3,100
Interest Income, Other	$ 500		$ 1,500

Other Comprehensive Income De_2

Other Comprehensive Income Details 3 (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Net earnings	$ 126,562	$ 98,115	$ 127,160	$ 111,805	$ 224,677	$ 238,965
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	2,096	$ (24,028)	(11,679)	$ 12,660	(21,932)	981
Comprehensive Income, Net of Tax (Note 9)	$ 128,658		$ 115,481		$ 202,745	$ 239,946

Earnings Per Common Share (Deta

Earnings Per Common Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Incremental Weighted Average Shares Attributable to Dilutive Effect [Abstract]
Weighted Average Number of Shares Outstanding, Diluted, Total	288,711	420,320	307,265	443,097
Antidilutive Shares Outstanding
Weighted Average Number of Shares Outstanding, Antidilutive, Total	88,032	64,269	88,261	75,026

Net Periodic Benefit Cost (Deta

Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Defined Benefit Plan Disclosure [Line Items]
Service cost, net	$ 4,854	$ 4,065	$ 9,697	$ 8,032
Interest cost on projected benefit obligations	1,993	3,682	4,124	7,387
Expected return on plan assets	(9,541)	(8,690)	(19,152)	(17,463)
Recognition of prior service cost	(1,754)	(1,637)	(3,498)	(3,339)
Recognition of actuarial losses/(gains)	6,350	5,482	12,587	11,088
Net periodic pension cost/(credit)	1,902	2,902	3,758	5,705
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost, net	326	266	652	532
Interest cost on projected benefit obligations	889	1,146	1,778	2,292
Expected return on plan assets	(1,524)	(1,472)	(3,048)	(2,944)
Recognition of prior service cost	0	0	0	0
Recognition of actuarial losses/(gains)	645	593	1,290	1,187
Net periodic pension cost/(credit)	336	533	672	1,067
Other Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost, net	4,528	3,799	9,045	7,500
Interest cost on projected benefit obligations	1,097	2,520	2,332	5,063
Expected return on plan assets	(8,017)	(7,218)	(16,104)	(14,519)
Recognition of prior service cost	(1,735)	(1,637)	(3,460)	(3,339)
Recognition of actuarial losses/(gains)	5,712	5,062	11,311	10,247
Net periodic pension cost/(credit)	1,585	2,526	3,124	4,952
Defined Benefit Plan, Expected Future Employer Contributions, Current Fiscal Year, Description	25,600		25,600
Other Postretirement Benefits Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost, net	0	0	0	0
Interest cost on projected benefit obligations	7	16	14	32
Expected return on plan assets	0	0	0	0
Recognition of prior service cost	(19)	0	(38)	0
Recognition of actuarial losses/(gains)	(7)	(173)	(14)	(346)
Net periodic pension cost/(credit)	$ (19)	$ (157)	$ (38)	$ (314)

Restructuring Charges (Details)

Restructuring Charges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Company's accrual for restructuring activities:-
Beginning Restructuring Accrual Balance, as of December 31, 2018			$ 6,701
Restructuring Charges	$ 860	$ 2,891	2,765	$ 4,414
Restructuring Cash Payments			(4,627)
Impact of foreign currency on restructuring reserve			(10)
Ending Restructuring Accrual Balance, as of September 30, 2019	$ 4,829		$ 4,829

Restructuring Charges Restructu

Restructuring Charges Restructuring Charges (textuals) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restructuring Charges [Abstract]
Restructuring Charges	$ 860	$ 2,891	$ 2,765	$ 4,414

Other Charges , Net Other Charg

Other Charges , Net Other Charges, Net (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Other Income and Expenses [Abstract]
Non-service pension costs (benefits)	$ (3)	$ (1.2)	$ (5.9)	$ (2.3)

Segment Reporting (Details)

Segment Reporting (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Sep. 30, 2018
Operations of the Company's operating segments
Net Sales to External Customers	$ 690,673	$ 731,366	$ 1,339,835	$ 1,410,818
Revenue Transactions With Other Operating Segments	0	0	0	0
Net Sales	690,673	731,366	1,339,835	1,410,818
Segment Profit	176,643	177,741	317,921	325,582
Goodwill	537,624		537,624		$ 535,979	$ 534,557
US Operations [Member]
Operations of the Company's operating segments
Net Sales to External Customers	249,340	267,889	490,750	502,540
Revenue Transactions With Other Operating Segments	27,515	26,571	53,904	52,716
Net Sales	276,855	294,460	544,654	555,256
Segment profit	52,581	53,986	97,519	91,971
Goodwill	414,370		414,370			410,021
Swiss Operations [Member]
Operations of the Company's operating segments
Net Sales to External Customers	28,948	31,358	60,844	64,935
Revenue Transactions With Other Operating Segments	142,487	151,931	295,336	305,662
Net Sales	171,435	183,289	356,180	370,597
Segment profit	48,248	48,613	102,158	102,135
Goodwill	22,830		22,830			22,157
Western European Operations [Member]
Operations of the Company's operating segments
Net Sales to External Customers	149,051	163,681	302,376	329,587
Revenue Transactions With Other Operating Segments	39,699	39,212	81,413	83,257
Net Sales	188,750	202,893	383,789	412,844
Segment profit	30,345	22,229	54,452	47,954
Goodwill	84,975		84,975			86,749
Chinese Operations [Member]
Operations of the Company's operating segments
Net Sales to External Customers	140,907	136,459	241,506	258,181
Revenue Transactions With Other Operating Segments	45,731	52,568	94,480	109,425
Net Sales	186,638	189,027	335,986	367,606
Segment profit	63,955	65,489	109,505	124,973
Goodwill	621		621			643
Other Operations [Member]
Operations of the Company's operating segments
Net Sales to External Customers	122,427	131,979	244,359	255,575
Revenue Transactions With Other Operating Segments	875	1,334	1,771	2,595
Net Sales	123,302	133,313	246,130	258,170
Segment profit	13,122	14,300	24,148	27,487
Goodwill	14,828		14,828			14,987
Intersegment Elimination [Member]
Operations of the Company's operating segments
Net Sales to External Customers	0	0	0	0
Revenue Transactions With Other Operating Segments	(256,307)	(271,616)	(526,904)	(553,655)
Net Sales	(256,307)	(271,616)	(526,904)	(553,655)
Segment profit	(31,608)	$ (26,876)	(69,861)	$ (68,938)
Goodwill	$ 0		$ 0			$ 0

Segment Reporting (Details 1)

Segment Reporting (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Reconciliation of earnings before taxes to segment profit
Earnings before taxes	$ 155,255	$ 155,216	$ 273,754	$ 280,892
Amortization	13,889	12,326	27,887	24,548
Interest expense	9,582	8,882	19,801	17,976
Restructuring Charges	860	2,891	2,765	4,414
Other charges (income), net	(2,943)	(1,574)	(6,286)	(2,248)
Segment Profit Information	$ 176,643	$ 177,741	$ 317,921	$ 325,582

Segment Reporting (Details Text

Segment Reporting (Details Textuals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting (Textuals) [Abstract]
Restructuring Charges	$ 860	$ 2,891	$ 2,765	$ 4,414
US Operations [Member]
Segment Reporting (Textuals) [Abstract]
Restructuring Charges	300	1,100	600	1,600
Swiss Operations [Member]
Segment Reporting (Textuals) [Abstract]
Restructuring Charges		300	700	300
Western European Operations [Member]
Segment Reporting (Textuals) [Abstract]
Restructuring Charges	300	1,100	1,100	2,100
Chinese Operations [Member]
Segment Reporting (Textuals) [Abstract]
Restructuring Charges	100	$ 400	100	$ 400
Other Operations [Member]
Segment Reporting (Textuals) [Abstract]
Restructuring Charges	$ 200		$ 300